The market breadth was in favour of the bears with the advance-decline ratio at nearly 1:2
If the central bank made it a one-off exercise, then the yields should climb back, the bond dealers said
The yield spread between the most-traded 10-year notes to two-year debt is at its highest since 2010 on concerns the government will expand record bond sales
The MPC sharply trimmed its April-September inflation projection to 4.7% to 5.1% from the 5.1% to 5.6% it predicted in February
Their cost of funds was up 40 basis points year-on-year during the first half of FY18, and could rise further as bond yields continue to head north
Acharya's criticism on interest rate risk has not gone down well among public sector bankers
Hits a high of 7.32 per cent in early morning trades, compared with a close of 7.22 per cent on Wednesday
Benchmark bond yield was seen at 7.45%, the highest since May 5
Bonds gain 3.6% in 2016 while stocks dropped 1.5% after dividends