<h1>Public Debt Rises 2.6% in Q4 2013; Market Borrowings Increase Amid Higher Bond Yields and Lower Trading Volumes.</h1> The Quarterly Report on Public Debt Management for October-December 2013 indicates a moderate increase in gross and net market borrowings by 3.8% and 3.6% respectively, compared to the previous year. The government issued two new securities and maintained a comfortable cash position, vacating Rs. 52,000 crore in cash management bills. Public debt rose by 2.6% from the previous quarter, with internal debt making up 90.9% of total debt. Bond yields initially softened but ended higher due to liquidity tightening and concerns over Fed tapering. Trading volumes decreased by 8.7%, with the turnover ratio for government securities dropping to 3.1.