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Trading bands for govt bonds relaxed

Trading bands were doubled across all tenors for the day
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First Published: Thu, Jul 11 2013. 10 22 AM IST
Trading beyond the lower circuit limit in active bonds such as the 8.83% 2041 bond, 8.33% 2026 bond and 8.97% 2030 bond had been briefly stopped. Photo: Mint
Trading beyond the lower circuit limit in active bonds such as the 8.83% 2041 bond, 8.33% 2026 bond and 8.97% 2030 bond had been briefly stopped. Photo: Mint
Mumbai: The Fixed Income Money Market and Derivatives Association of India (Fimmda) relaxed trading bands for government bonds for Thursday after some yields had hit their lower limits as part of a broad-based rally in debt markets.
Trading bands were doubled across all tenors for the day, the Fimmda website showed.
Trading beyond the lower circuit limit in active bonds such as the 8.83% 2041 bond, 8.33% 2026 bond and 8.97% 2030 bond had been briefly stopped. Yields dropped sharply across tenors on the back of dovish comments about US monetary stimulus from US Federal Reserve chairman Ben Bernanke.
At 9.57am, the benchmark 10-year bond yield was down 9 basis points at 7.43%.
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First Published: Thu, Jul 11 2013. 10 22 AM IST
More Topics: Trading bands | bonds | yields | Fimmda |
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