India Bonds Extend Losses; Traders Lighten Positions: PNB Gilts
Source: BFW (Bloomberg First Word)
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Vijay Sharma (PNB Gilts Ltd)
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(Bloomberg) -- Yield on 10-year govt bond rises 4bps to 6.50%; fell to 6.46% earlier in day
Alert: HALISTER1- Markets are trading in a very narrow range and traders are creating space for auction paper ahead of Friday’s bond sale, says Vijay Sharma, executive vice president for fixed income at PNB Gilts
- NOTE: Govt is scheduled to sell 140b rupees of bonds Friday
- RBI monetary policy panel minutes also weren’t supportive: Sharma
- NOTE: Minutes of central bank’s Dec. 7 monetary policy meeting released late Wednesday showed sticky core inflation as a concern for most panel members
Source: BFW (Bloomberg First Word)
People
Vijay Sharma (PNB Gilts Ltd)
To de-activate this alert, click here
UUID: 7947283