Bond yields slip after auction results

Bond yields slip after auction results
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First Published: Tue, Feb 24 2009. 06 02 PM IST
Updated: Tue, Feb 24 2009. 06 02 PM IST
Mumbai: Bond yields fell 6 basis points (bps) on Tuesday after the Rs120 billion debt sale results as there was no devolvement in the shorter paper, while the other results were in line with expectations, dealers said.
At 4.59pm, the yield on the 8.24% bond due in 2018 was at 6.62%, from 6.68% before the results.
In the previous session it had ended at 6.42%.
The Reserve Bank of India has extended bond trading hours by half an hour to 6:00pm on Tuesday, five dealers said, citing a message flashed on the apex bank’s electronic trading platform.
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First Published: Tue, Feb 24 2009. 06 02 PM IST
More Topics: Bonds | Yields | RBI | Money | India |