With the government set to borrow тВ╣50,000 crore more in the remaining weeks of the fiscal month, Friday’s auction has seen the weighted average yields hitting the roof at 6.18%, the highest this fiscal.
At 6.18%, the weighted average yield has spiked to its highest level this fiscal, and this is higher by 4 bps than the previous week when it was at 6.14%, Care Ratings wrote in a note.
The government raised тВ╣33,000 crore in its scheduled weekly auction тАФ тВ╣4,000 crore more than the notified amount.
