The Economic Survey hinting at "a pause in general government fiscal consolidation" has rattled bond markets, or so it seems. At around 3:00 pm, well after CEA Arvind Subramanian's presser, bond prices fell sharply, and yields soared to new two-year highs. The new 10-year paper ended at 7.44 percent, the highest since it was issued while the old 10-year paper saw yields surge to a high of 7.62 percent.
Watch accompanying video of CNBC-TV18's Latha Venkatesh with more details.
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