Bond yields ease after factory data
Thursday, 13 May 2010
MUMBAI, May 12 (Reuters): The yield on India's 10-year bond yield eased two basis points after March industrial output data came in lower than market expectations. At 11:06 am (0536 GMT), the yield on the new 10-year bond, the 7.80 per cent maturing in 2020, was at 7.58 per cent, from 7.60 per cent before the data.
It had ended at 7.61 per cent Tuesday. India's industrial output rose to a slower than expected 13.5 per cent in March from a year earlier, weighed down by a partial withdrawal of stimulus measures and by a hike in benchmark rates, data showed Wednesday.
It had ended at 7.61 per cent Tuesday. India's industrial output rose to a slower than expected 13.5 per cent in March from a year earlier, weighed down by a partial withdrawal of stimulus measures and by a hike in benchmark rates, data showed Wednesday.