Bond yields up 10 bps

The yield on the 10-year benchmark bond erased all gains made in the previous session as fiscal concerns overtook the rating upgrade by S&P. The yield rose 10 basis points (bps) to close at 6.50% on Monday, the biggest fall in two years.

- Christina Titus

"The market is concerned about potential fiscal slippages arising from GST rationalisation, with expectations that the government may resort to additional borrowing. This uncertainty weig