The "risk-free" yield on 10-yr g-sec is a threshold for investors. If its softens, investors get into riskier assets like equities. If it hardens, they settle for attractive risk-free rate on offer
Wary of supply, bond dealers asked for sharp increase in rates from state governments during Wednesday's auction.
Experts say funds exposed to lower maturity debt papers to gain from long-term repo operations
On Tuesday, three states held back issuing their bonds worth Rs 34 billion, of the Rs 88.5 billion planned by nine states
Sharp increase in G-sec yields throws up questions