Markets and Finance
After plunging to 16-year low in H1, yields soar 31 bps post-Budget: Report

The massive spike in 2021-22 borrowing target at Rs 23 lakh crore, has led to a 31 basis points rally in benchmark bond yields to well over 6 per cent since the announcement of Budget, and RBI needs to contain the same by reining in the short-sellers, says a report. The Reserve Bank’s assiduous support to the Centre’s debt management has ensured that in the first half of 2020-21 the borrowing cost for the Centre was the lowest in past 16 years as bond yields were below 5.75 per cent, the report by SBI Research said on Monday.

News Source:- https://www.financialexpress.com/market/after-plunging-to-16-year-low-in-h1-yields-soar-31-bps-post-budget-report/2199650/