The much-awaited non-farm payroll data from the US underlined the optimism its Federal Reserve Board members have been nurturing over the last few policy meetings. The US Treasury yields inched up marginally post-data release. In other developments, the ECB kept interest rates and asset purchases unchanged in its monetary policy review. Towards the end of the week, RBI also announced a switch where the Government of India switched a 2018 bond with 2029/2031 bonds worth Rs 15,968 crore. Test of 7.60% in the 10y segment is expected in the coming days.

Source: dna March 12, 2018 00:45 UTC