Economy

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.

This article is closed for comments.
Please Email the Editor

Printable version | May 9, 2021 6:28:34 PM | https://www.thehindu.com/business/Economy/g-sec-yields-rise-to-highest-level-in-fy21/article34112015.ece

Next Story