Bond yields edged lower on bargain buying after a sharp rise in yields last week. In their biggest weekly rise since the week ended November 8, yields had risen 26 basis points last week. Traders now await the details of this week's bond auction, which are expected to be released after market hours for further direction.
On the global front, U.S. Treasuries yields dipped on Friday after the employment report for March came in slightly below economists' estimates, with medium-term yields dropping the most on easing fears of early hike in interest rates by the Federal Reserve. Meanwhile, Brent crude prices, snapping a two-day winning streak, fell below $106 a barrel on Monday, on easing qualms over supply disruption after Libyan rebels occupying four eastern oil ports agreed to gradually end their eight-month old blockade
The yields on new 10 year Government Stock 2023 were trading 2 basis points lower at 9.05% from its previous close of 9.07% on Friday.
The benchmark five-year interest rate swaps were trading 1 basis point lower at 8.60% from its previous close of 8.61% on Friday.
Reserve Bank of India will conduct a 14-day term repo variable rate auction for a notified amount of Rs 40,000 crore on March 21, 2014. The reversal of the 14-day term repo will take place on April 4, 2014. The Reserve Bank of India has announced the auction of 91 and 182 days Government of India Treasury Bills for notified amount of Rs 9,000 crore and Rs 6000 crore respectively. The auction will be conducted on April 9, 2014 using 'Multiple Price Auction' method.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: