Debt Market Snapshot - September 23, 2013 - GEPL Capital

Government Security Market:

- The Inter-bank call money rate traded in the range of 9.25% to 10.35% on Friday, ended at 9.25%.

- Total Borrowings From RBI's Repo with banks Taking Rs.373130 mn on Friday Vs Rs. 400360 mn on Thursday.

- The benchmark 7.16% GOI 2023 Closed at 8.5777% on Friday Vs. 8.1926% on Thursday.

Global Debt Market:

US. Treasury are posting the biggest weekly gains since July as traders pare bets for early interest-rate increases after the Federal Reserve this week unexpectedly refrained from reducing debt purchases.

10 Year Benchmark Technical View:

10 year (7.16% GOI 2023) yield likely to move in the range of 8.52 – 8.59% level on Monday.

Source : Equity Bulls

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