SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Bond yields edge higher for second consecutive session in absence of OMO announcement

31 Oct 2013 Evaluate

Bond yields edged higher for second consecutive session on Thursday as the absence of a definite assurance on open market operations by the central bank’s governor dented sentiment. Meanwhile, prevailing cautiousness ahead of federal budget deficit data for April-September, later in the day also is weighing on the sentiment. Dealers also prefer to stay on the sidelines to wait and watch out Rs 14,000 crore worth debt sale auction.

On the global front, U.S. Treasury prices traded down on Wednesday as Federal Reserve policymakers said downside risks to the economy had lessened, a more hawkish observation than markets had expected. Meanwhile, brent crude edged lower on Thursday, but held up well above $109 a barrel and is set to end October with its fourth monthly gain in five, bolstered by disruptions to shipments from key producer Libya.

Back home, the yields on 10-year 7.16% - 2023 bonds, were trading 3 basis points higher at 8.60% from its previous close of 8.57% on Wednesday.

The benchmark five-year interest rate swaps were trading 1 basis point higher at 8.18% from its previous close of 8.17% on Wednesday.

 The Government of India have announced the sale (Re-issue) of four dated securities for Rs 14,000 crore on November 1, 2013  (i) “8.12 percent Government Stock 2020” for a notified amount of  Rs 4,000 crore (nominal) through price based auction; (ii) “8.28 percent Government Stock 2027” for a notified amount of Rs 6,000 crore (nominal) through price based auction;(iii) “ 9.20 percent Government Stock 2030” for a notified amount of Rs 2,000 crore (nominal) through price based auction, and (iv) “8.83 percent Government Stock 2041” for a notified amount of Rs 2,000 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 1, 2013 (Friday).

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:

×