Bond yields steady as cut-off yield on 10-year bond in line with forecast

Government bond yields remained unchanged on Friday as the cut-off for the new 10-year paper matched market expectations, with traders watching US Treasury moves next week

Government bond yields remained steady on Friday after the cut-off yield on the new 10-year bond was set in line with market expectations, said dealers.

 

The government sold ₹32,000 crore worth of new 10-year government bonds on Friday. The cut-off yield was set at 6.48 per cent.

 

The yield on the benchmark 10-year government bond settled at 6.51 per cent, unchanged against Thursday.

 

“The cut-off yield was along the expected lines. The market was steady on Friday. However, the market will take cues from the movement of US Treasury yields on Monday,” said a dealer at a primary dealership.

 

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