India’s online bond trading platform back up

India’s online bond trading platform NDS-OM has resumed business after facing technical issues that saw trading being halted for nearly 90 minutes, several traders said on Thursday.

The benchmark 7.26% 2033 bond yield dealt at 7.1923% at 12:54 pm. IST, against its previous trade at 7.1908% as of 11:33 am. IST, according to the Clearing Corporation of India’s website.

The yield has now risen to 7.2014%, its highest level since April 21.

“Even though the system is not fully functional for all participants, traders can log-in and that also led to a few trades being placed,” a trader with a state-run bank said.