Bond Markets continue its losing streak - ICICI Bank : Treasury Research

Bond markets continue its losing streak and the benchmark 10Y is now trading at 8.05% levels after closing at around 7.99% yesterday. Meanwhile, at the open market sales conducted by the RBI yesterday, only INR 25.32 bn worth of securities was sold as against the declared amount of INR 120 bn. This had aided gains in government securities yesterday. Bonds will be ranged ahead of the dated securities auction due later today.

Source : Equity Bulls

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