10-year bond yield eases as factory data below expectations
Tuesday, 13 April 2010
MUMBAI, Apr 12 (Reuters): The yield on India's 10-year benchmark bond fell 2 basis points Monday after industrial data came in below analyst expectations. At 11:06 am, the yield on the 10-year bond was at 8.04 per cent after easing to 8.03 per cent after the data from 8.05 per cent before the announcement.
It had risen to 8.07 per cent earlier Monday, its highest since Oct 8, 2008. It had ended at 8.01 per cent Friday. India's industrial output rose at a slower-than-expected 15.1 per cent in February from a year earlier, data showed Monday.
It had risen to 8.07 per cent earlier Monday, its highest since Oct 8, 2008. It had ended at 8.01 per cent Friday. India's industrial output rose at a slower-than-expected 15.1 per cent in February from a year earlier, data showed Monday.