12-September-2026
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Markets and Finance
 
10-year bond yield crosses 7% as RBI trims auction bids
12-Sep-2026

Yields on benchmark government bonds rose five basis points Friday to cross the 7% mark for the first time in more than two months, while the Reserve Bank of India (RBI) decided to accept less than half the notified amount in the three-year bond auction. Bidders likely sought more than what the central bank was willing to pay. The RBI accepted bids worth only Rs 4,505 crore for the 6.20% 2029 bond, just about 40% of the notified amount of Rs 11,000 crore. The cut-off yield was 6.40%.

News Source:- https://economictimes.indiatimes.com/markets/bonds/bond-yields-cross-7-as-rbi-cuts-3-year-bond-auction-acceptance/articleshow/134100670.cms