NIFTY 50

10-year bond yields hit lowest in 2.5 years

Updated : July 16, 2019 01:38 PM IST

The 10-year bond yield crashed to 6.33 percent on Tuesday, a level last seen in December 2016.

The immediate trigger was the wholesale price index (WPI) that came on Monday, which showed a drop in June prices versus a month ago.

Also, the shutdown in auto production and lower FMCG sales are all indicating a slowdown that was more severe and not just triggered by the one-off demonetization or GST. There are quite a few economists who are now calling for a rate cut of 50-100 basis point over the cycle.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV