Bond yields are trading range bound on Tuesday in the absence of fresh triggers. High global oil prices which stoke inflation fears might send the yields higher, but hopes for an improvement in cash supply and the lack of debt sale until April would limit the gains of bond yields.
The yield on the most-traded 8.08%-2022 tad low at 8.12%, from its previous close of 8.13 % in the absence of fresh triggers, with price rises seen limited due to more monetary tightening in the offing
The yields on less liquid 10-year benchmark, the 7.80%-2020 bond yield was at 8.00% from its previous close of 8.01%.
The benchmark five-year interest rate swap was at 8.03% higher from its previous close of 8.06% on Monday.
Three State Governments have announced Auction of State Development Loans 2021 for Rs 218.650 crore on March 22, 2011.
The Reserve Bank of India has announced the auction of 91-day and 364- day Government of India Treasury Bills for notified amount of Rs 5,000 crore and Rs 3,000 crore respectively. The auction will be conducted on March 23, 2011 using 'Multiple Price Auction' method.
No comments:
Post a Comment