10-year bond yields fall 6 bps after RBI's open market operation plan

The 10-year government bond yields fell by 6 basis points following the RBI's announcement of its open market operation (OMO) plan to purchase bonds. This indicates that the market reacted positively to the central bank's move to inject liquidity into the financial system. Bond yields and prices have an inverse relationship, so a fall in yields suggests an increase in bond prices as demand rises due to the RBI's planned purchases. This action is part of RBI's monetary policy to manage liquidity and interest rates.