Bond yields crash after RBI surprises with status quo on rates
The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 a.m. IST, after closing at 7.2750% on Wednesday. The yield fell to 7.1469% after the decision, against 7.2857% before that. The liquid five-year 7.38% 2027 bond yield crashed as much as 16 bps to 7.01% after the policy decision.
