Bond Yield Slumps On Bets Of Index Inclusion

The yield declined five basis points this week, after falling by 17 basis points in last five weeks. The new 10-year 7.26% 2032 bond yield closed at 7.2049%. It had ended at 7.2773% on Thursday.

The yield on 10-year government bond fell to its lowest in eight sessions as investors rushed in after media reports pointed to progress in the inclusion of local bonds in global indexes.

The bond market rally also saw yields easing for the sixth consecutive week.

The 10-year government bond yield ended at 7.2173% after closing at 7.2929% on Thursday, posting its biggest single-day fall since Aug. 17.

The yield declined five basis points this week, after falling by 17 basis points in last five weeks. The new 10-year 7.26% 2032 bond yield closed at 7.2049%. It had ended at 7.2773% on Thursday.