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 ‘Yields’
Bond market/ G-Sec update
July 3rd, 2010 
Praveen Bajaj 
Posted in Economy 
Tags: 7.80% 2020, benchmark 10 year bond, inflation, rbi, repo, Yields 
No Comments »RBI raises rates again
July 2nd, 2010 Praveen Bajaj As predicted by our analyst Rahul Sonthalia (click here to read) and myself (click here to read) in our earlier articles, RBI has raised the policy rates almost a month before the scheduled 1st quarterly review of monetary policy due at the end of July. In an after market hour announcement today, RBI raised the repo [...]
Posted in Economy Tags: bond market, equity, inflation, LAF, liquidity, monetary policy, repo rate, reverse repo rate, WPI, Yields 2 Comments »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 [...]
Posted in Economy Tags: 7.80% 2020, benchmark 10 year bond, inflation, liquidity, Yields No Comments »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 [...]
Posted in Economy Tags: benchmark 10 year bond, diesel prices, EGoM, equity markets, inflation, Kerosene, LPG, petrol prices, policy rates, Yields 3 Comments »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 [...]
Posted in Economy Tags: 7.80% 2020, benchmark 10 year bond, inflation, liquidity, rbi, repo, Yields No 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 [...]
Posted in Economy Tags: benchmark 10 year bond, inflation, liquidity, repo, WPI, Yields 2 Comments »Weekly G-Sec update May 22, 2010
May 24th, 2010 Praveen Bajaj Developments on foreign front push yields down Yields on benchmark 10 year bond 7.80% 2020 bond closed the week at 7.37, 12 bps down from last week’s close of 7.49. In the initial part of the week, yields rose 4 bps as RBI sold Rs 6,000 cr of cash management bills on Tuesday and announcement of issue [...]