Bond yields were trading steady on Monday as gains on account of brent crude was offset by strength of Indian currency. Nevertheless, the yields were also trading steady as foreign investors preferred staying on the sidelines in the holiday truncated week,
On the global front, U.S. Treasuries yields rose on Thursday as Wall Street shares gained a day after the U.S. Federal Reserve signaled it might raise interest rates in 2015 but would do so at a gradual pace. Meanwhile, Brent crude held below $60 a barrel near a 5-1/2-year low on Friday as a global oversupply of oil showed little sign of receding, even as companies cut upstream investments next year
Back home, the yields on new 10 year Government Stock 2023 was trading steady at Friday’s close of 7.96%.
The benchmark five-year interest rate swaps was trading 2 basis points lower at 7.31% from its previous close of 7.33% on Friday.
The Sixteen State Governments have offered to sell 10 year securities by way of auction for an aggregate amount of Rs 15450 crore for Rs 15450 crore on December 23, 2014
The Reserve Bank of India will conduct overnight repo variable rate auction for a notified amount of Rs. 50,000 crore today (December 22, 2014, Monday). The auction will be conducted between 4.00 pm and 4.30 pm as per the revised guidelines on Term Repo Auctions issued on February 13, 2014.