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regular-article-logo Saturday, 23 November 2024

Yields on benchmark 10-year bond continue to remain below 6 per cent

On Thursday, the 10-year bond closed at 5.97 per cent, unchanged from the last close

Our Special Correspondent Mumbai Published 07.05.21, 01:38 AM
Representational image.

Representational image. Shutterstock

Yields on the benchmark 10-year bond continued to remain below 6 per cent for the second consecutive day as the markets reacted positively to the RBI’s announcement to purchase Rs 35,000 crore of securities on May 20.

On Thursday, the 10-year bond closed at 5.97 per cent, unchanged from the last close.

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On Wednesday, RBI governor Shaktikanta Das had announced the second tranche of bond purchases under its G-Sec acquisition programme or G-SAP 1.0. The central bank will purchase bonds worth Rs 35,000 crore which is higher than the Rs 25,000 crore done last month.

Meanwhile, the Sensex and Nifty gained for the second straight session on Thursday. The Sensex closed up 272.21 points, or 0.56 per cent, at 48949.76. The Nifty ended with gains of 106.95 points, or 0.73 per cent, at 14724.80.

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