India bonds sink on RBI's early close of FX swap facility
The yield on the benchmark 6.94% 2036 bond surged 5 basis points to 6.8071%, its biggest single-day jump since July 14. Bond yields move inversely to prices. It settled above the key 6.80% level as stop-losses were triggered, which traders said could pave the way for further increases in yields in the next few sessions.Strong inflows from its The The facility was part of a wider package unveiled in June to bolster India's balance of payments. Its early closure disappointed markets, traders said.Live E ...