Perpetual bond yields see sharp rise on MF selling

Sebi’s deafening silence had a loud impact: Yields on this variety of bonds sold by State Bank of India and Bank of Baroda surged up to 103 basis points in secondary-market trades.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/sbi-bob-perpetual-yields-surge-amid-concerns/articleshow/81524931.cms