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MARKET EYE-Indian bond yields seen treading water; data awaited
April 9, 2013 / 3:12 AM / 4 years ago

MARKET EYE-Indian bond yields seen treading water; data awaited

* India's benchmark 10-year bond yield is
expected to open little changed compared with its close of 7.91
percent on Monday.
* The government will auction 150 billion rupees worth of bonds
on Friday and the papers announced were in line with
expectations, traders say. 
* Traders say the 10-year bond yield will hold in a range of
7.90 percent to 7.94 percent during the day. The market is
expected to remain between 7.88 percent and 7.98 percent until
the factory output and inflation data next week.
* Oil prices edged higher on Monday, lifted by gains in gasoline
futures and strong selling of the spread between Brent crude and
U.S. crude. 

 (swati.bhat@thomsonreuters.com/;
swati.bhat.thomsonreuters.com@reuters.net)

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