As talk of a recession gets louder globally, bond yields are being keenly watched. A government bond yield curve most accurately reflects what investors think about current and future economic growth prospects.
The Government bonds securities (G-Sec) traded bearish on selling pressure from banks and corporates,while call rate finished higher at the overnight call money market due to good demand from borrowing banks.
The government bonds securities (G-Sec) continued to remain bearish on selling pressure from banks and corporates,while call rate ended lower at the overnight call money market here on Tuesday due to lack of demand from borrowing banks.
Foreign investors bid heavily in an auction for quotas to buy government bonds on Monday,even after Standard & Poors reiterated its negative outlook for the country,as a cut in a key debt investment tax has contributed to a rally in markets.