The 10-year bond prices of the government expanded profits for Monday's fifth consecutive day after the 2019-20 Union Budget announced a reduced fiscal deficit target and unveiled plans for selling debt abroad.
The state also held the gross borrowing target at about 7.10 trillion for the present tax unchanged, boosting sentiment.
The 10-year bond return was 6,611 percent at 11.50 am, down 8 basis points from 6,694 percent at its prior closing. In the opposite direction, bond yield and prices move.
Sentiment also received a boost after finance minister Nirmala Sitharaman said the state will begin to raise some of its foreign borrowing.
The government intends to increase as much as $10 billion from its first sovereign bond abroad because there is an enormous appetite for its foreign exchange debt, Bloomberg said on Saturday, citing Secretary of Economic Affairs Subhash Garg.
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