Bond yields were treading water as investors stayed on the sidelines ahead of Rs 10,000 crore debt auction and advance growth estimates due later in the day. In a related development, the National Council of Applied Economic Research (NCAER) has lowered India’s GDP forecast for the current fiscal to 4.7- 4.9 percent from 4.8 - 5.3 percent projected earlier. Presenting a somber picture of Indian economic outlook, NCAER noted that despite good farm production, high baseline oil price and rupee depreciation are the factors making significant dent to growth of GDP
On the global front, US Treasuries yields rose on Thursday to their highest in a week as investors positioned for Friday's highly anticipated jobs report for January, which is expected to show more robust growth than December's surprisingly weak US jobs gains. Meanwhile, brent crude edged higher toward $108 a barrel on Friday, on track for its second weekly gain in three with investors awaiting U.S. non-farm payrolls numbers for signs of economic growth in the world's largest oil consumer.
Back home, the yields on new 10 year Government Stock 2023 were trading steady at its previous close of 8.72% on Thursday.
The benchmark five-year interest rate swaps were trading steady at its previous close of 8.39% on Thursday.
The Government of India, earlier had announced that the sale (re-issue) of three dated securities for Rs 10,000 crore on February 7, 2014, including (i) 8.12% Government Stock 2020 for a notified amount of Rs 3,000, (ii) 8.83% Government Stock 2023 for a notified amount of Rs 5,000 and lastly (iii) 8.32% Government Stock 2032 for a notified amount of Rs 2,000.
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.
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.
MoneyWorks4Me ensures this through: