 "10-year bond yields rise, may become tough for banks to pass on rate cuts")
The yield on the 10-year government bond has moved up about 30 basis points (bps) since the December 5 rate pause by the Reserve Bank of India (RBI) and, like the central bank, the bond market is also waiting for the Union Budget in February to get more clarity on numbers.
The bond yield closed at 6.80 per cent on Monday, as against 6.47 per cent on December 4.
“The market is expecting more clarity in the upcoming Budget to gauge the fiscal position of the government," said Hemal Doshi, vice-president — treasury at SBI DFHI, a primary dealer.
Till further cues, the
