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First negative-yield quote causes flutter in India's sovereign bond market

While there's a total $13.30 trillion of negative-yielding assets in the world, the phenomenon had been unheard of in an emerging market like India where the benchmark 10-year note trades at above 6%

Topics
Markets | Bonds | bond market

Subhadip Sircar | Bloomberg 



Bond
The bond that was offered at a negative yield of around 1.5% closed trading at 3.57% on Friday.

A negative yield was quoted for the first time ever on India’s sovereign bond trading platform Friday, traders said, triggering intense speculation about the motive.

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First Published: Sun, March 21 2021. 09:20 IST

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