After a hefty 8 bps points jump on Friday of last week due to decision to free up fuel price (read MB update here), G-sec markets opened the week on a strong note. Announcement by RBI that the borrowing amount for the week will be at the reduced levels kept the sentiments up. Yields on benchmark [...]
Posts Tagged ‘benchmark 10 year bond’
Govt Securities update:June 26, 2010
June 27th, 2010
Praveen Bajaj For the first 4 days of the week, government securities moved in a range. Benchmark 10 year bond, 7.80% 2020 bond moved in between 7.55% and 7.61%. Results of buyback of securities, in which RBI accepted amount of Rs 806 cr against a notified amount of Rs 10,000 cr. This led to a slight increase [...]
India to move to market movement based oil prices
June 25th, 2010
Praveen Bajaj The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, have decided in the meeting just now that India oil prices such as petrol and diesel prices will be determined by market. Details of the same, as to how this exactly will be carried out will be disclosed later and we will update [...]
Weekly G-Sec update:June19, 2010
June 20th, 2010
Praveen Bajaj High inflation released on Monday set the tone for the week. As expected, with the release of inflation above 10% mark, yields on benchmark 7.80% 2020 bond rose 8 bps to close at 7.69% on Monday under fears that RBI might be forced to raise rates to tame inflation. Rates also rose after comments [...]
Weekly G-Sec update:June 12, 2010
June 13th, 2010
Praveen Bajaj After trading in a range last week, yields on benchmark 10 year bond, 7.80% 2020 bond steadily rose 9 bps for the week to close at 7.61% for the week. Surge in yields was driven by tight liquidity conditions. On all days of the week, we saw Repo window being active. Daily average of the combined [...]




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