Home / Markets / News / Yield on high-rated NBFC to harden further by December, tracking g-sec

Yield on high-rated NBFC to harden further by December, tracking g-sec

The AAA-rated bond yields settled at 7.83-7.92 per cent on Monday, whereas, the yields on AA-rated bonds settled at 8.63-8.66 per cent

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Anjali Kumari Mumbai

2 min read Last Updated : Oct 17 2023 | 7:55 PM IST

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The yield on corporate bonds of higher-rated non-banking finance companies (NBFCs) is seen hardening further by December, tracking the rise in the yield on government securities, market participants said.

On the other hand, the yield on non-AAA-rated bonds might trade at the current levels as they are already elevated.

Market participants expect the yield on the benchmark 10-year government bond to move up by 10-15 basis points (bps) by December. The 10-year benchmark yield settled at 7.33 per cent on Tuesday.

The yield on the benchmark 10-year government bond rose by 12 bps after October 6, when the Reserve Bank of India announced

Topics : NBFC government bond Government securities

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