{'fraction_non_alphanumeric': 0.018651362984218076, 'fraction_numerical': 0.0028694404591104736, 'mean_word_length': 4.915254237288136, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Impact of Interest Rate, Exchange Rate and Consumer Price Index on Government Bond Returns of India

Macroeconomic variables play a vital role in determining sovereign bond yields of a country. This paper examines the impact of selected macroeconomic variables on Sovereign Bond yields of India. A causal design was used to find out effect of macroeconomic variables on bond yields. It is found that 40% of sovereign bond yield is explained by interest rate, exchange rate and consumer price index. It is also found out that there existed a strong correlation (relationship) between the variables used in the study viz. sovereign bond yields, interest rate, exchange rate and consumer price index.