Bond yield rises 10 bps on govt plans to borrow Rs 50,000 cr more in FY18

Hits a high of 7.32 per cent in early morning trades, compared with a close of 7.22 per cent on Wednesday

The yield on the 10-year government benchmark bonds shot up by 10 basis points to touch a high of 7.32 per cent in early morning trades, showing market reaction to additional government borrowings of Rs 50,000 crore in 2017-18.

The benchmark 10-year bond yields had closed at 7.22 per cent on Wednesday.

According Clearing Corporation of India data, the yield on the benchmark paper (6.79 per cent, 2027) at opening were up by just two basis points to 7.24 per cent. But they later rose sharply in hectic trading activity. After touching a high of 7.32 per cent, the yield is at