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States debt cost crosses 7.70pc, spread between G-sec jumps to 2-year high of 53 bpsStates debt cost crosses 7.70pc, spread between G-sec jumps to 2-year high of 53 bps

At the first weekly auction of the last quarter of 2023-24, the states saw their interest burden sharply rising to cross the 7.7 percentage mark on Tuesday, leading to the spread between the cut-off of 10-year state bonds and the G-sec yield crossing the 50 basis points mark for the first time in two years. […]