Economy
2021
Fiscal Policy
Monetary Policy
Inflation and Deflation
RBI and Functions

Indian Government Bond Yields are influenced by which of the following?

  1. Actions of the United States Federal Reserve
  2. Actions of the Reserve Bank of India
  3. Inflation and short-term interest rates Select the correct answer using the code given below.

C.3 only
A.1 and 2 only
D.1, 2 and 3
B.2 only

Correct Answer: Option D

A bond yield represents the return an investor receives on a bond or government security. It is influenced by the bond's price, which in turn is affected by demand.

Several factors impact bond yields:

  • Actions of the United States Federal Reserve: These actions can influence investment flows into India, impacting demand for government securities and, consequently, their yields. Statement 1 is correct.

  • Actions of the Reserve Bank of India (RBI): The RBI's monetary policy tools affect liquidity and the cost of funds in the economy, directly influencing the demand for government securities and their yields. Statement 2 is correct.

  • Inflation and short-term interest rates: These factors impact the purchasing power of individuals and, consequently, the demand and price of government securities, thereby affecting yields. Statement 3 is correct.

Therefore, all three factors influence Indian Government Bond Yields.

Hence, option d is correct.