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Government bonds-Daily Snapshot

Published: 12th November 2013 12:18 PM  |   Last Updated: 25th November 2013 10:47 AM   |  A+A-

RBI_PTI

Market update on 25-11-2013

Indian government bonds gain after Iran's nuclear deal with world power sends global crude oil prices falling. The new benchmark 10-year bond yield down 5 basis points at 8.73 percent. The existing 10-year bond yield is down 1 bp at 9.09 percent.       

Market update on 20-11-2013

 Indian bond snaps two days of gains as mild profit-taking emerged, but traders expect a stronger rupee to cap a further rise in yields. The most-actively traded 8.28 percent 2027 bond is up 2 basis points at 9.01 percent after dropping as much as 10 bps in the last two sessions. The benchmark 10-year bond yield is up 1 bps at 9.02 percent.

Market closing on 19-11-2013

Indian bonds rose for a second straight session tracking a rally in the rupee, although 10-year bonds only marginally gained after the central bank said it would issue new benchmark debt at its weekly auction on Friday. The benchmark 10-year bond yield fell 1 basis point to 9.01 percent. The 8.28 percent 2027 bond, the most heavily traded in the session, ended down 10 basis points, at a near two-week low of 8.99 percent.

Market update on 19-11-2013

India's benchmark 10-year bond yield falls 2 basis points to 9.00 percent on Tuesday, after the announcement of the new 10-year bonds. The benchmark bond, which was on a shut period on Monday, had closed at 9.02 percent on Thursday.

Market update on 18-11-2013

 Most traded bond yield at 9.08 percent from its Thursday's close of 9.11 percent, tracking the rupee's strength in the spot market but fall in yields may be capped ahead of the open market bond buys scheduled later in the session. Indian benchmark bond is on a shut period for coupon payment on Monday.

Market closing on 14-11-2013

Indian benchmark bond yields rose 10 basis points to 9.02 percent on Thursday after data showing wholesale inflation rising to an eight-month high raised the prospect of a fresh rate hike despite the central bank governor's soothing words earlier on core retail inflation.

Market update on 14-11-2013

Indian bond prices were steady after data on wholesale price inflation for October largely met expectations, but an upward revision in the August data muddled the outlook for continued monetary policy tightening by the central bank. The benchmark 10-year bond yield initially fell 3 basis points, but soon recovered to trade at 8.95 percent, unchanged from the levels before the data.

Market closing on 13-11-2013

The benchmark 10-year bond yield ended down 13 basis points at 8.92 percent, marking the biggest single-day fall in five weeks after the Reserve Bank of India chief sought to reassure investors that the central bank would provide the market the necessary rupee liquidity.

Morning update on 13-11-2013

The benchmark 10-year bond yield up 6 basis points at 9.11 percent after retail inflation data came in double digits, above market expectations on Tuesday.

Market closing on 12-11-2013

The benchmark 10-year bond ended up 10 basis points at 9.05 percent, as traders are disappointed due to a lack of open market operation announcement that was expected this week and on position unwinding ahead of key inflation data prompted a sell-off.

Morning update on 12-11-2013

The benchmark 10-year bond up 9 bps at 9.04 percent, in the absence of an open market operation announcement so far, traders are also cautious ahead of macroeconomic data due later in the day for further direction.

Market closing on 11-11-2013

The benchmark 10-year bond recovered after yields rose as much as 15 basis points to 9.14 percent. However, the bonds yields ended down 4 bps at 8.95 percent, after the data showed the trade deficit in October rose in line with expectations.