Bond yields edged higher on account of prevailing cautiousness ahead of Rs 10,000 crore open market operations (OMOs), which is to be held later in the day. Meanwhile, rupee depreciation on account of speculations and investors reducing its purchases of the nation’s stocks, as U.S. lawmakers remain deadlocked over extending the debt ceiling, also supported the uptick of the yields. On the global front, with the U.S. set to exhaust measures to avoid breaching the borrowing limit on Oct 17, House of Representatives Speaker John Boehner said lawmakers won’t raise the threshold without packaging it with other provisions, a nonstarter for President Barack Obama
Back home, meanwhile based on the current assessment of prevailing and evolving market conditions, the Reserve Bank has decided to conduct Open Market Operations by purchasing the following government securities for an aggregate amount of Rs 10,000 crore on October 7, 2013 (Monday) through multi-security auction using the multiple price method.
On the global front, growing worries about a U.S. government default lifted the interest rates on ultra short-term U.S. Treasury bills to their highest levels in more than 10 months on Friday. Meanwhile, brent futures edged down towards $109 a barrel on Monday as oil production resumed in the Gulf of Mexico after a tropical storm, while lingering concerns over the U.S. government shutdown clouded the outlook for demand.
Back home, the yields on 10-year 7.16% - 2023 bonds, were trading 2 basis points higher at 8.63% from its previous close of 8.61% on Friday.
The benchmark five-year interest rate swaps were trading 1 basis point higher at 8.25% from its previous close of 8.24% on Friday.
The Reserve Bank of India has announced the auction of 91 and 182 days Government of India Treasury Bills for notified amount of Rs 6,000 crore each. The auction will be conducted on October 9, 2013 using 'Multiple Price Auction' method.
Source:-berkeleygains
Back home, meanwhile based on the current assessment of prevailing and evolving market conditions, the Reserve Bank has decided to conduct Open Market Operations by purchasing the following government securities for an aggregate amount of Rs 10,000 crore on October 7, 2013 (Monday) through multi-security auction using the multiple price method.
On the global front, growing worries about a U.S. government default lifted the interest rates on ultra short-term U.S. Treasury bills to their highest levels in more than 10 months on Friday. Meanwhile, brent futures edged down towards $109 a barrel on Monday as oil production resumed in the Gulf of Mexico after a tropical storm, while lingering concerns over the U.S. government shutdown clouded the outlook for demand.
Back home, the yields on 10-year 7.16% - 2023 bonds, were trading 2 basis points higher at 8.63% from its previous close of 8.61% on Friday.
The benchmark five-year interest rate swaps were trading 1 basis point higher at 8.25% from its previous close of 8.24% on Friday.
The Reserve Bank of India has announced the auction of 91 and 182 days Government of India Treasury Bills for notified amount of Rs 6,000 crore each. The auction will be conducted on October 9, 2013 using 'Multiple Price Auction' method.
Source:-berkeleygains