10-year bond sees short covering after steep losses last week

Bond prices surged with the benchmark 10-year yield falling to 6.03 percent after CNBC-TV18 reported citing sources that the Reserve Bank of India (RBI) is prepared to buy another Rs 50,000 crore of bonds this year this after the government bond auctions on Friday found no takers. CNBC-TV18’s Latha Venkatesh has more details.