India's 10-year bond yield hits 7-yr high

Reuters
Posted: 2008-07-11 11:50:34+05:30 IST
Updated: Jul 11, 2008 at 1150 hrs IST

Font Size

Feedback

Discuss

India's 10-year bond yield hits 7-yr high

Mumbai, July 11: : India's 10-year federal bond yield touched a fresh seven-year high on Friday, after inflation touched 11.89 per cent in late June.

It would be the highest rate since annual numbers in the current series became available in April 1995. The data is due around 11:30 a.m. (0600 GMT).

At 11:05 a.m., the 10-year bond yield was at 9.49 per cent, off an intraday peak of 9.52 per cent, its highest since September 2001. It ended at 9.43 per cent on Thursday.

The median forecast in a Reuters poll is for annual inflation to have risen to 11.75 per cent on June 28 from 11.63 per cent a week earlier.

Discuss this story on expressindia forums

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.

Most Read

Most Emailed

More

Express Classifieds
Post and view free classifieds ad Send Gifts
Flowers and Gifts Express Astrology
Know what's in the stars for you

Home Print Edition Latest News Stocks epapers Archives Subscribe Company Info