The Report discusses the borrowing calendar of Union G-secs for H1FY27, as well as Union T-bills for Q1FY27 and SGS for Q1FY27. It highlights the tougher fiscal math being faced by both the Union and States, which have increased the general level of borrowing. Further, the change in ownership and tenor profile and their reasons are mentioned. Implications of the borrowing plan for G-sec yields and corporate bond spreads are highlighted in the conclusion.
