Bond yields at pre-Covid high, beat home loan rates

Bonds fell to a pre-pandemic low on Monday even as the sensex surged over 1% to close 651 points higher and the rupee gained 27 paise. The cost of borrowing for the government, as reflected in the yield on 10-year bonds, rose to more than the home loan rates offered by most banks to a two-year high of 6.59%. While Union Bank of India’s loans start at 6.4%, Bank of Baroda is offering them at 6.5%.

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