Bond Yields Rise After Govt Debt Switch

Indian bond yields climbed nearly 4 basis points on February 20, snapping a recent winning streak. The benchmark yield rose to 6.711% from 6.678%, reflecting mild profit booking. The move followed the government’s second debt switch with the Reserve Bank of India (RBI). The switch is expected to reduce gross borrowing for the upcoming fiscal year. Analysts noted yields remain mixed amid supply pressures and RBI’s bond-buying support. #IndianBonds #BondYield #RBI #DebtSwitch #FixedIncome