Call money moved down to 8.55 from 8.69 - Aditya Birla Money

The benchmark 10-year bond yield ended down 1 basis point at 8.79 percent, as investors were assuaged by comments from a central bank deputy governor that a proposed debt switch may happen only in the next fiscal year.

There was a liquidity deficit in the inter-banking system to the tune of Rs. 40,366 Cr compared to a deficit of Rs. 39,363 Cr on the previous day. The MSF borrowings rose to Rs. 10,630 Cr compared to Rs. 4,145 Cr on the previous day. (MSF borrowings follow a 1 day lag).

Call money moved down to 8.55 from 8.69 previously. 1 yr CD rates moved up to 9.35 from 9.31 earlier. 1 year AAA corporate bond yield rose to 9.58 from 9.55 before.

U.S. Treasuries prices rose as a $13 billion auction of 30-year bonds drew solid investor demand, even as the recent wave of upbeat economic data has signalled bond yields might climb higher.

Source : Equity Bulls

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