The yields on 10-year 8.79% - 2021 bonds were trading 1 basis point lower at 7.81% from its previous close of 7.82% on Thursday
Bond yields were almost trading steady at its previous close as dealers awaited to watch Rs 15,000 crore bond auction and RBI's OMO purchase during the session.
Consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct Open Market Operations by purchasing the government securities for an aggregate amount of Rs 10,000 crore on February 15, 2013.
On the global front, US Treasuries prices rose in Asian trade on Friday, extending gains from the previous day following disappointing growth data from the euro zone and a strong result at a 30-year bond auction. Meanwhile, Brent crude was steady at around $118 per barrel on Friday, after disappointing euro zone data revived concerns about the troubled region.
Back home, the yields on 10-year 8.79% - 2021 bonds were trading 1 basis point lower at 7.81% from its previous close of 7.82% on Thursday.
The benchmark five-year interest rate swaps were trading steady at its previous close of 7.24% on Thursday.
The Government of India have announced the sale (re-issue) of three dated securities for Rs 12,000 crore (i) “8.12 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 6,000 crore (nominal) through price based auction; and (iii) “8.30 percent Government Stock 2042” for a notified amount of Rs 3,000 crore (nominal) through price based auction. The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India, Fort, Mumbai on February 15, 2013 (Friday).
Eight State Governments have offered to sell dated securities by way of auction for an aggregate amount of Rs 7,070 crore (Face Value) on February 18, 2013.
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