Bond yields were trading lower tailing lower oil prices, while mixed close of US treasury yields overnight offered no cues. However, the yields gyrated in tight range ahead of U.S. Fed meeting outcome due later in the day.
On the global front, U.S. Treasury debt prices ended mixed on Tuesday after 30-year yields touched record lows amid data-driven worries about sputtering world growth and a sharp sell-off on Wall Street. Meanwhile, Oil fell more than 1 percent on Wednesday as the dollar strengthened, while an industry report showing a larger-than-expected rise in U.S. crude inventories also dragged on prices.
Back home, the yields on new 10 year Government Stock 2023 was trading 1 basis point lower at 7.69% from its previous close of 7.70% on Tuesday.
The benchmark five-year interest rate swaps were trading 3 basis points lower at 6.74% from its previous close of 6.777% on Tuesday.
The Reserve Bank of India has announced the auction of 91 and 182 days Government of India Treasury Bills for notified amount of Rs 8,000 crore and Rs 6000 crore respectively. The auction will be conducted on January 28, 2015 using 'Multiple Price Auction' method.
Government of India announce the sale of four dated securities for Rs 13,000 crore on January 30, 2015, including (i) 8.27% Government Stock 2020 for a notified amount of Rs 3000 crore, (ii) 8.40% Government Stock 2024 for a notified amount of Rs 5000 crore, (iii) 8.24% Government Stock 2033 for a notified amount of Rs 2000 crore and lastly (iv) 8.17% Government Stock 2044 for a notified amount of Rs 3,000 crore.
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