Business Standard

Bond yields to open soft on Tuesday

Related News

The may open soft on Tuesday, on expectations of some steps to rein in fiscal deficit.

Treasury executives said yields might be lower without any fresh trigger. Trading would be more sentiment-driven than influenced by any fundamental factors.

Yield on the 10-year benchmark 8.15 per cent, 2022 paper closed at 8.23 per cent on Friday (August 17). It is seen to trade in the 8.22-8.26 per cent band on Tuesday.

The financial markets are closed on Monday on the occasion of Id-ul-Fitr.

Bond prices will also take cues from global factors, especially the movement of crude oil prices on Monday, said a treasury executive of an associate bank of the State Bank of India.

The supply brought in by the auction held on Friday (August 17) might weigh on prices in truncated trading next week. Appetite for the benchmark paper might be subdued, as the bond is expected to be up for sale in the bond auction by the Reserve Bank of India.

are expected to open steady at around 8.05 per cent on Tuesday, as systemic liquidity is comfortable. The demand for funds might be low next week, as most banks have already covered a large part of their fortnightly reserve needs this week.

Read more on:   
|
|
|

Bond yields to open soft on Tuesday

The yield on government bonds may open soft on Tuesday, on expectations of some steps to rein in fiscal deficit.

The may open soft on Tuesday, on expectations of some steps to rein in fiscal deficit.

Treasury executives said yields might be lower without any fresh trigger. Trading would be more sentiment-driven than influenced by any fundamental factors.

Yield on the 10-year benchmark 8.15 per cent, 2022 paper closed at 8.23 per cent on Friday (August 17). It is seen to trade in the 8.22-8.26 per cent band on Tuesday.

The financial markets are closed on Monday on the occasion of Id-ul-Fitr.

Bond prices will also take cues from global factors, especially the movement of crude oil prices on Monday, said a treasury executive of an associate bank of the State Bank of India.

The supply brought in by the auction held on Friday (August 17) might weigh on prices in truncated trading next week. Appetite for the benchmark paper might be subdued, as the bond is expected to be up for sale in the bond auction by the Reserve Bank of India.

are expected to open steady at around 8.05 per cent on Tuesday, as systemic liquidity is comfortable. The demand for funds might be low next week, as most banks have already covered a large part of their fortnightly reserve needs this week.

image

Read More

Rupee gains on better-than-expected GDP, euro rally

The Indian rupee rebounded from session lows to gain for the day after the economy grew more strongly-than-expected in the April-June quarter, while ...

Recommended for you

Advertisements

Quick Links

More news from Finance Rss icon

IRDAI says non-linked policies to not lapse

To be kept in-force to extent of sum assured

Re-capitalise state banks for economic prosperity: Morgan Stanley

Says one of the most important things the govt needed to was to privatise state banks

SBI turns aggressive in Digital, online space

Inks payment solutions pact with Amazon; eyes deal with Snapdeal

Back to Top