The 10-year bond yield closed at 7.379%, up 15 basis points—its most single day gains since 1 February, compared to its previous close of 7.226%. Photo: AFPMumbai: The 10-year bond yield surged over 15 basis points, its biggest single day jump in two month, on Tuesday after state-run banks continued to sell in debt market. This was the third session when the bond yield closed higher. The 10-year bond yield closed at 7.379%, up 15 basis points—its most single day gains since 1 February, compared to its previous close of 7.226%. For first half of fiscal year 2019, inflation forecast at 4.7-5.1% and for second half forecast at 4.4-4.5%.

Source: Mint April 10, 2018 03:45 UTC