Synopsis Yields on the 10-year benchmark bond have increased due to high oil prices. The Reserve Bank of India rejected all bids at the treasury bill auction conducted recently. The government aimed to raise ?23,000 crores through treasury bill sales but faced significantly higher yield bids. Market analysts indicate a potential 50 basis point hike by the RBI in December. Mumbai: Yields on the 10-year benchmark bond increased 5 basis points from their previous close due to high oil prices to their weakest level since March 2023. The 10-year yield closed at 7.44%, a three-and-a-half year high, versus its previous…
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