Live Updates > Live Update Details
2026-02-13 15:47:57
[Indian 10-Year Government Bond Yield Falls to Three-Week Low] ⑴ The yield on Indian 10-year government bonds fell to around 6.67%, further declining to its lowest level in three weeks. ⑵ This followed the government's debt swap operation. ⑶ The authorities repurchased 755 billion rupees of bonds maturing in FY2027 while issuing 694 billion rupees of securities maturing in 2040. ⑷ This eased recent repayment pressures and reduced overall borrowing demand. ⑸ Meanwhile, January inflation data was 2.75%, within the central bank's target range of 2% to 6%. ⑹ This data was higher than expected, suppressing upward pressure on yields. ⑺ Favorable liquidity conditions and a slight decline in short- to medium-term overnight index swap rates also helped stabilize prices. ⑻ After four consecutive days of gains, profit-taking and cautious sentiment regarding the weekly bond auction partially offset the decline in yields. ⑼ Looking ahead, investors remain focused on the upcoming bond auction and broader market dynamics for signals on the short-term direction of yields.
