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Economic affairs secretary Subhash Chandra Garg on Friday said that the current yields on government bonds are not justified, since the economy is showing a healthy growth momentum and fiscal discipline.
“The yields today possibly do not reflect the fundamentals and therefore, as things stablise, they will come back to normal,” Garg said while responding to media queries on the sidelines of the EBRD seminar. “Any increase in yields is a matter of concern but you would have seen there is some moderation in the yields,” he added.
According to Bloomberg data, yields on the 10-year central government bonds have
