Reuters logo
MARKET EYE-Indian bond yield hits 5-month low, investor buying helps
December 27, 2012 / 9:47 AM / 5 years ago

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

* India's benchmark bond yield was little moved after touching a
five-month low with year-end buying from investors supporting
prices.
* 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.

 (suvashree.dchoudhury@thomsonreuters.com/suvashree.dchoudhury.t
; homsonreuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below