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Bond yields spiked this week. Again.What was it this time? Traders are citing a jump in wholesale inflation alongside the results of the first G-SAP auction, where the Reserve Bank of India bought limited quantities of the benchmark bond. The G-SAP, in case you missed it, is a newly minted bond purchase programme, under which the central bank plans to buy Rs 1 lakh crore in debt this quarter.Yield rise, yields fall. The reason we’re ...
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