G-sec yields rise to highest level in FY21

With the government set to borrow ₹50,000 crore more in the remaining weeks of the fiscal month, Friday's auction has seen the weighted average yields hitting the roof at 6.18%, the highest this fiscal.

At 6.18%, the weighted average yield has spiked to its highest level this fiscal, and this is higher by 4 bps than the previous week when it was at 6.14%, Care Ratings wrote in a note.

The government raised ₹33,000 crore in its scheduled weekly auction — ₹4,000 crore more than the notified amount.

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Printable version | May 9, 2021 6:28:34 PM |

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