An economist at State Bank of India – the nation’s largest bank that is also among the biggest holders of these notes – last month exhorted the Reserve Bank of India to make short-selling costlier.
MUMBAI: A negative yield was quoted for the first time ever on India’s sovereign bond trading platform, traders said, triggering intense speculation about the motive.
The 6.17% bond maturing in 2021 was offered at a negative yield of around 1.5%, according to traders who saw the quote on the Clearing Corporation of India’s Negotiated Dealing System – Order Matching, or NDS-OM platform.
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