MUMBAI, Aug 26 (Reuters) – Indian bond traders are calling for central bank intervention as a sharp drop in institutional buying has pushed yields higher, threatening to stall monetary transmission, market participants said on Tuesday.
The benchmark 10-year bond yield has jumped 24 basis points to 6.62% in August, including a 22-bp surge over the last seven sessions through Tuesday, after Prime Minister Narendra Modi announced tax cuts plans on goods and services.
