First-half borrowing calendar on Friday.

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Bond yields still down; keep tight range

Benchmark 10-year bond yield lower 2 basis points at 8.78 per cent having traded in a tight 8.77-8.79 per cent band during the session.

Bond investors awaiting fiscal 2014/15 first-half borrowing calendar with finance ministry and RBI officials due to meet on Friday.

India intends to borrow Rs 5.97 lakh crore in next fiscal, with dealers expecting around 60 per cent to be routed in the first half.

"Yields should not be impacted materially. One should need at tenor buckets," says a senior dealer. Most market participants still expect the central bank to hold rates at its April 1 policy review.


Thanking you

Regards,

Rajesh Kumar Kathpalia ¤ SMC Global
17,Netaji Subhash Marg,Daryaganj,
New Delhi-110002 Mobile No 9891645052
Email Id: rajesh.ipo@smcindiaonline.com


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