Bond yield surges to 3.5 year high https://ift.tt/INzV230 benchmark gauge may correct a bit as the local inflation gauge did not spring any ugly surprises in May," he said.The US Treasury benchmark surged 31 basis points this month to yield 3.26%. Back home, the Consumer Price Index rose 7% in May.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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