New Delhi, Feb. 1 -- Higher yields may greet traders as the government bond market opens on Monday, as a higher-than expected gross market borrowing programme and an elevated capital expenditure plan hang heavy.

"To finance the fiscal deficit, the net market borrowings from dated securities are estimated at Rs.11.7 lakh crore. The balance financing is expected to come from small savings and other sources. The gross market borrowings are estimated at Rs.17.2 lakh crore," finance minister Nirmala Sitharaman said while presenting the Union Budget for 2026-27.

According to the median estimate of 21 economists in a Bloomberg survey, gross market borrowing for FY27 was expected at Rs.16.5 trillion and net borrowing, which excludes repayments,...