Domestic bond yields slip to six-week low as crude oil tumbles
Mumbai, June 12 -- Domestic government bond yields stayed slippery amid a sharp fall in crude oil. Yields have been steady after government scrapped long-term capital gains tax on investments made by foreign institutional investors (FIIs) in government securities. The benchmark 10-year G sec yield slipped following this and currently lingers at 6.88%, down marginally on the day and testing near six-week low. US Treasury yields tumbled on Thursday after President Donald Trump said that he had called off strikes on Iran scheduled for the evening. In a key development for bond markets, Crude Oil prices slumped after President Trump backed down from threats of further attacks on Iran and noted that a peace agreement between the nations was cl...
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