MARKET EYE-Indian bond yield hits 5-month low, investor buying helps

Thu Dec 27, 2012 4:45am EST

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* India's benchmark bond yield was little moved after touching a
five-month low with year-end buying from investors supporting
* The 10-year benchmark bond yield was at 8.11
percent, after moving in an 8.0937-8.1121 percent band. The bond
touched 8.09 percent, its lowest since July 26.
* Also, fears of a large additional borrowing amount waned as
2012 comes to a close.
* Despite several assurances from Finance Minister P.
Chidambaram, the market had feared an announcement of a large
amount of additional borrowing by the end of December to attain
a 5.3 percent fiscal deficit target amid slowdown in revenues.

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