Bond prices fell in afternoon trades on news that the government will announce a fresh borrowing program on Monday. The 10 year yield rose from 8.45% to 8.53%.
The fact that there is going to be an extra government borrowing programme was known. On Tuesday, CNBC-TV18 first broke the story from RBI sources, that the government borrowing programme is going to be tweaked in four-five days.
CNBC-TV18
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