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States' debt cost crosses 7.7%; spread with G-Secs over 50 bps
Mint Mumbai
|January 03, 2024
At the first weekly auction of the last quarter of 2023-24, the states saw their interest burden sharply rising to cross the 7.7 percentage mark on Tuesday, leading to the spread between cut-off of 10-year state bonds and the G-Sec yield crossing the 50 basis points mark for the first time in two years.
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At 53 basis points, the spread between the yield on the sovereign debt and that of the state bonds is the highest since January 2022.
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