SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bond yields treading water ahead of Rs 12,000 crore debt auction

05 Sep 2014 Evaluate

Bond yields were treading water in early deals on Friday ahead of debt auction and key US payrolls data, which is next big trigger that would provide direction to the market after the European Central Bank (ECB) stunned markets by cutting interest rates, embarking on a trillion-euro asset-buying binge. Meanwhile continued buying by FIIs in debt markets, also could drag yields lower in the later part of the session. Marking their fifth consecutive day of purchases, foreign investors bought debt worth $197.28 million on Wednesday.

On the global front, U.S. Treasuries yields rose on Thursday after the European Central Bank surprised investors with a bold plan to help the sagging euro zone economy, while stronger U.S. economic data supported views the Federal Reserve may raise interest rates in mid-2015. Meanwhile, brent crude retained its overnight losses and stayed below $102 a barrel on Friday, heading for its third weekly drop in four as a firmer dollar weighed, although data showing lower crude stocks in the United States kept a floor under prices.

Back home, the yields on new benchmark 8.40%- 2024 bonds were trading steady at Thursday’s close of 8.52%.

The benchmark five-year interest rate swaps were trading unchanged at Thursday’s close of 8.02%.

The Government of India has announced the sale (re-issue) of four dated securities for Rs 12,000 crore on September 5, 2014, including (i) 8.27% Government Stock 2020 for a notified amount of Rs 2000 crore, (ii) 8.60% Government Stock 2028 for a notified amount of Rs 6000 crore, (iii) 9.20% Government Stock 2030 for a notified amount of Rs 2000 crore and lastly (iv) 8.30% Government Stock 2042 for a notified amount of Rs 2000 crore. The auctions will be conducted using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. 

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×