The Treasury is considering opening up the Treasury bonds market to more non-bank financial institutions, a move likely to tame the high interest rates demanded by investors in government bond actions, which have recently gone as high as 18 percent.
In its latest annual borrowing plan (ABP) for the 2024/2025 fiscal year, the Treasury said it is leading reforms in the domestic debt market that include roping in several non-banking institutions such as the post-retirement medical funds to diversify the investor base.
