Indian State Borrowing Costs Top 8% for First Time in Over Six Years
Yields on the most liquid part of India's state government bond curve breached 8% on Tuesday, according to traders, as central government yields spiked and investor appetite weakened.
On Tuesday, borrowing costs for the most liquid segment of India’s state government bond curve moved above 8% for the first time in over six years, traders said. The move tracked a sharp rise in central government yields and weakening investor appetite.