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Bond yields set to fall
Bond yields set to fall
The Reserve Bank of India's (RBI) decision to defer the auction of government bonds for a notified amount of Rs 15,000 this Friday is set to boost bullish bond market sentiments further. Besides that the Consumer Price Index (CPI) inflation for December eased to a three-month low.
"On review of the Government of India's (GoI) cash position and funding requirement, it has been decided, in consultation with GoI, to defer the auction of GoI dated securities amounting to Rs 15,000 crore scheduled to be held on January 17,&" said RBI on Monday.
As per the issuance calendar of marketable dated securities released in September, the borrowing programme of the government was to get over in the first week of February.
"The yield on the 10-year benchmark government bond may move down by 10-15 basis points on Wednesday,&" said Siddharth Shah, vice president, STCI Primary Dealer. The yie...
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