RBI bonanza for bond street: 10-year G-Sec rally, with yields falling 9 bps to 6.54%
The RBI’s liquidity measures caused a rally in the bond market, with the 10-year G-Sec yield falling 9 bps to 6.54%. Plans to purchase government securities and a USD-INR buy-sell swap were announced, addressing a liquidity deficit of Rs 66,653 crore. Market participants anticipate continued rally and stable yields.