Indian bond yields steady
Tuesday, 2 November 2010
MUMBAI, Nov 1 (Reuters): India federal bond yields steadied after easing early Monday buoyed by the central bank's cash support measures, but traders were wary of taking fresh positions ahead of central bank's policy decision Tuesday.
The central bank's macroeconomic review, due at 5 pm, ahead of Tuesday's policy, will also watched for cues on the central bank's stance.
At 2:39 pm, the yield on the most traded 8.13 per cent, 2022 bond was at 8.08 per cent, down 1 basis point on the day after trading in the range of 8.06-8.08 per cent so far this session.
The benchmark 10-year bond is unavailable for trade Monday and Tuesday ahead of its coupon payment on Nov 3. The one-year swap was up 2 basis points at 6.71 per cent while the benchmark five-year swap was down 1 basis point at 7.17 per cent.
The central bank's macroeconomic review, due at 5 pm, ahead of Tuesday's policy, will also watched for cues on the central bank's stance.
At 2:39 pm, the yield on the most traded 8.13 per cent, 2022 bond was at 8.08 per cent, down 1 basis point on the day after trading in the range of 8.06-8.08 per cent so far this session.
The benchmark 10-year bond is unavailable for trade Monday and Tuesday ahead of its coupon payment on Nov 3. The one-year swap was up 2 basis points at 6.71 per cent while the benchmark five-year swap was down 1 basis point at 7.17 per cent.