Fixed Income And Currency Market

9 Apr 2023

1st auction for FY24 is bullish for bonds

linkedIn Logo twitter logo

During the auction of government bonds on 6th April, auction cut-off yield came down as compared to that in auctions conducted during the end of FY23. This bullishness can be attributed due to RBI’s pause in rate hike recently conducted at the MPC meeting. On 6th April auction cut-off yield of New 5-year paper, 7.26% GS 2033 & 7.36% GS 2052 stood at 7.06%, 7.21% & 7.35% respectively as compared to cut-of yield of 7.40%, 7.45% & 7.38% of the papers 7.10% GS 2029, 7.10% GS 2029 & 7.40% GS 2062 respectively.

author dp
Subhasis Mishra
You need to Sign In to view details.


Information herein is believed to be reliable but Arjun Parthasarathy Editor: does not warrant its completeness or accuracy. Opinions and estimates are subject to change without notice. This information is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The financial markets are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved. Unauthorized copying, distribution or sale of this publication is strictly prohibited. The author(s) of the content published in the site may or may not have investments in the assets discussed in the pages/posts.

Copyright © by Arjun Parthasarathy 2019-2024