Treasury heads in buying mode as 5-year yield jumps
Mumbai: As the 5-year government bond yield touches 6.50%, treasury heads are looking to step in and start buying as yields have reached a comfortable mark. The 5-year g-sec yield closed at 6.52 on Thursday.
Yields of this bond rose 15-17 basis points to 6.52% on Thursday after the Reserve Bank of India (RBI) decided to prematurely close its FCNR(B) scheme last week, reducing the schemes duration by a month.
Yields of this bond rose 15-17 basis points to 6.52% on Thursday after the Reserve Bank of India (RBI) decided to prematurely close its FCNR(B) scheme last week, reducing the schemes duration by a month.
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