INSUBCONTINENT EXCLUSIVE:
Indian federal government bonds barely moved in early offers on Monday, as traders remained pat in the absence of any fresh domestic and
The yield on the standard 10-year bond was at 6.2926% as of 10:10 a.m
IST compared with Fridays close of 6.2947%
Trading volumes were silenced at the start of the week, but financiers will keep a watch on U.S
Treasury peers, which inched lower in Asian hours.The 10-year U.S
yield was at 4.3319%, a little lower following Thursdays increase, after information revealed the U.S
produced more jobs than anticipated in June
Brent unrefined futures lost 0.72% to $67.86 per barrel.Live Events Foreign investors have actually been purchasing Indian bonds lately, so
we are carefully seeing that for additional instructions, a trader at a main dealer stated
Public sector banks have been selling for a long time, so somebody has to soak up that, and if foreign investors continue buying, we can
Still, bonds should sell a variety, with the 10-year yield bound between 6.28%-6.32%, the trader added.Last week, foreign financiers
stepped up purchases of Indian federal government bonds under the Fully Accessible Route (FAR)
The investors net bought 87 billion rupees ($1.02 billion) of bonds under FAR during the period, CCIL data showed.Meanwhile, state-run banks
net offered bonds worth about 143 billion rupees last week.RATESIndias overnight index swap (OIS) rates were little bit altered in early
offers as trading volumes remained muted.The one-year OIS rate and the two-year OIS rate were not traded yet, while the liquid five-year
swap inched lower at 5.67%
