India’s bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.
India’s bond rally has ended, compelling Hudco and Bajaj Finance to withdraw bond sales due to elevated yields. Government bond yields surged to a five-month high following GST structure rejig fears and a shift in monetary policy. This has increased borrowing costs for state governments and corporations.
