Indian bond prices firm up on demand rise
Sunday, 20 June 2010
NEW DELHI, June 19 (Economic Times): The government bond prices firmed up while yields declined due to fresh demand from banks and corporates.
The three-day call rates ended at 5.10 per cent on good buying from borrowing banks after moving in a range of 5.35 per cent to 4 per cent.
The 7.80 per cent government security maturing in 2020 shot up to Rs 101.64 from Rs 101.07 Thursday, while its yield dropped to 7.56 per cent from 7.64 per cent. The 8.20 per cent government security maturing in 2022 went up to Rs 101.81 from Rs 101.50, while its yield moved down to 7.96 per cent from 8.00 per cent.
The 7.17 per cent government security maturing in 2015 firmed up to Rs 99.90 from Rs 99.70, while its yield looked down to 7.19 per cent from 7.24 per cent. The 8.26 per cent government security maturing in 2027, the 7.02 per cent security maturing in 2016 and the 8.28 per cent security maturing in 2032 were also quoted higher at Rs 100.75, Rs 97.08 and Rs 100.58, respectively.
Under the liquidity adjustment facility, RBI collected Rs 2.60 billion from two bids at the three-day reverse repo auction at a fixed rate of 3.75 per cent and Rs 174.70 billion from 14 bids at the repo auction.
The three-day call rates ended at 5.10 per cent on good buying from borrowing banks after moving in a range of 5.35 per cent to 4 per cent.
The 7.80 per cent government security maturing in 2020 shot up to Rs 101.64 from Rs 101.07 Thursday, while its yield dropped to 7.56 per cent from 7.64 per cent. The 8.20 per cent government security maturing in 2022 went up to Rs 101.81 from Rs 101.50, while its yield moved down to 7.96 per cent from 8.00 per cent.
The 7.17 per cent government security maturing in 2015 firmed up to Rs 99.90 from Rs 99.70, while its yield looked down to 7.19 per cent from 7.24 per cent. The 8.26 per cent government security maturing in 2027, the 7.02 per cent security maturing in 2016 and the 8.28 per cent security maturing in 2032 were also quoted higher at Rs 100.75, Rs 97.08 and Rs 100.58, respectively.
Under the liquidity adjustment facility, RBI collected Rs 2.60 billion from two bids at the three-day reverse repo auction at a fixed rate of 3.75 per cent and Rs 174.70 billion from 14 bids at the repo auction.