Asia
Monday, 07 January 2013 17:02
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ISTANBUL: Turkish bond yields fell and the lira firmed slightly on Monday as treasury debt auctions attracted strong bids from investors seeking high returns.
The treasury will tap a four-year fixed-coupon bond and a 10-year CPI-linked bond later on Monday.
It placed a combined 2,194 million lira ($1.2 billion) of the two bonds through non-competitive tenders before the auctions, of which 994 million lira went to primary dealers and 1,200 million lira to public institutions.
By 1048 GMT, the lira firmed to 1.7819 to the dollar from 1.7837 late on Friday. Against the euro-dollar basket it strengthened to 2.0527 from 2.0550.
The yield on the two-year benchmark bond fell to 6.28 percent from Friday's close of 6.37 percent.
"The fall in bond yields has started before the auctions, in line with the fall in global yields and continued as the bids in the non-competitive tenders were high," said Ugur Kucuk, fixed income strategist at Is ...
MUMBAI: Indian federal bonds rallied on Tuesday, with the benchmark yield falling below the central bank's current repo rate for the first time since early April 2011, after a scheduled auction was cancelled and the Reserve Bank of India said it will buy more bonds.
Bonds extended a rally which began on Monday on growing hopes that the government's increasing thriftiness will help prevent any additional borrowing via bonds, and any excess borrowing will be limited ...
MUMBAI: Indian federal bonds rallied on Tuesday, with the benchmark yield falling below the central bank's current repo rate for the first time since early April 2011, after a scheduled auction was cancelled and the Reserve Bank of India said it will buy more bonds.
Bonds extended a rally which began on Monday on growing hopes that the government's increasing thriftiness will help prevent any additional borrowing via bonds, and any excess borrowing will be limited ...
MUMBAI: India's benchmark 10-year bond yield fell to an over 20-month low on Monday on quarter-end buying and as the government's move to sell more treasury bills was seen as reducing the need to sell longer-dated paper.
The 10-year yield fell for the first time in four years in 2012 after retreating 51 basis points, helped largely by the central bank's steep cuts in the cash reserve ratio and its bond purchases in open market operations.
Bond ...
NEW DELHI: India will borrow a total of 1.4 trillion rupees ($25.48 billion) between January and March by selling treasury bills, the finance ministry said in a statement on Friday.
Center>Copyright Reuters, 2012 ...
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