Bond yield at 5-month high on fiscal slippage worries

Under Pressure

- Christina Titus

The yield on government bonds continued to rise, with the 10-year yield jumping to a five-month high on Monday, as traders continued to cut positions on worries over fiscal slippage and a weak appetite to meet upcoming supply. The benchmark yield ended at 6.5967%, the highest level since March 27, after closing at 6.5510% on Friday. The yield had jumped 15 basis points last week and rose 27 bps since the policy.