- Wealth PMS
Bonds got battered today. After RBI said no to a rate cut, bond yields rose. The 10 year was quoting at 6.17% and closed at 6.41% - a 0.24% increase in the yield. This was a huge increase, and bond prices fell. Higher yields means lower bond prices - See our video to understand. Bond prices have fallen as much as 2% today . . .