Bond yields were trading almost unchanged as investor’s preferred to be on the sidelines ahead of Rs 13,000 crore debt sales. On the global front, US Markets were closed on Thursday for The Thanksgiving holiday. Meanwhile, US crude futures dipped on Friday after an Israel-Gaza truce helped ease supply disruption worries and weak manufacturing data from Europe switched investor focus back to a shaky global economy.
The yields on 10-year 8.79% - 2021 were trading 1 basis point lower at 8.22% from its previous close of 8.23% on Thursday.
The benchmark five-year interest rates were trading up by 1 basis point at 7.20% from its previous close of 7.19% on Thursday.
The Government of India have announced the sale (re-issue) of three dated securities for Rs 13,000 crore on November 23, 2012 (i) “8.19 percent Government Stock 2020” for a notified amount of Rs 3,000 crore (nominal) through price based auction; (ii) “8.20 percent Government Stock 2025” for a notified amount of Rs 7,000 crore (nominal) through price based auction; and (iii) “8.83 percent Government Stock 2041” for a notified amount of Rs 3,000 crore (nominal) through price based auction. The auctions will be conducted using uniform price method. The auctions will be conducted by the Reserve Bank of India, Fort, Mumbai on November 23, 2012 (Friday).
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