Lockdowns unlock bond market fears again, sending yields higher
Mumbai: Local lockdowns have started hurting the Reserve Bank of India’s (RBI) weeks-long effort to keep government borrowing costs down. Apprehensions about the economic cost of lockdowns, especially the fear that governments may borrow more to compensate for lower tax revenues, sent yields higher. However, Mint Road, the government of India’s (GoI) merchant banker, again … Read more
