The yields on government securities grew on Thursday. The yield on the benchmark 10-year paper shot up 7 basis points to 6.39%. The bonds were also under pressure after the exit polls that signalled neither of the two main political alliances will have enough votes to form a government without the support of smaller parties.
RBI has raised Rs 12,000 crore as a part of the government''s record borrowing programme. RBI sold Rs 8,000 crore of new benchmark five-year notes at a cut-off yield of 6.07% and Rs 4,000 crore of 8.2% notes due in 2022 at a yield of 7.35%.
RBI has raised Rs 12,000 crore as a part of the government''s record borrowing programme. RBI sold Rs 8,000 crore of new benchmark five-year notes at a cut-off yield of 6.07% and Rs 4,000 crore of 8.2% notes due in 2022 at a yield of 7.35%.
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