Debt Market Snapshot - March 21, 2013 - GEPL Capital

Government Security Market:

- The Inter-bank call money rate traded in the range of 7.50% to 7.75% on Wednesday, ended at 7.70%.

- Total Borrowings From RBI's Repo with banks Taking Rs.1308400 mn on Wednesday Vs Rs.1203850 mn on Tuesday.

- The benchmark 8.15% GOI 2022 Closed at 7.9232% on Wednesday Vs 7.9025% on Tuesday.

Global Debt Market:

US Treasury fell for the first time in four days before the Federal Reserve ends a policy meeting amid speculation the central bank will maintain its bond-buying program, underpinning demand for higher-yielding assets.

10 Year Benchmark Technical View:

10 year yield likely to move in the range of 7.89% - 7.92% level on Thursday.

Source : Equity Bulls

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