India 10-year bond yield drops to 6.50% briefly amid erroneous deal: Traders
India's 10-year government bond yield experienced a sharp, albeit temporary, dip of 14 basis points in early trading, reaching its lowest point since December 8. Traders attributed this significant drop to a 'fat finger error,' indicating an accid...
By Reuters |
ETMarkets.com
India's 10-year benchmark government bond yield dropped 14 basis points in early deals, which traders say was an erroneous trade.
The 10-year bond yield opened at 6.6362% after closing at 6.6401% on Friday and fell to 6.4964%, the lowest since December 8.
"It was a fat finger error, and the trade would be reversed later," a trader with a private bank said.
The 10-year bond yield opened at 6.6362% after closing at 6.6401% on Friday and fell to 6.4964%, the lowest since December 8.
"It was a fat finger error, and the trade would be reversed later," a trader with a private bank said.
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