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MARKET EYE-Indian bond yields flat; OMO key
December 10, 2012 / 10:33 AM / 5 years ago

MARKET EYE-Indian bond yields flat; OMO key

* Indian federal bond yields unchanged ahead of open market
operations (OMO) and key data due later this week.
    * Dealers say OMO likely to generate good demand with the 
central bank willing to buy liquid papers. 
    * The Reserve Bank of India will buy federal bonds worth 120
billion rupees via OMO on Tuesday.
    * India will release factory output data for October on
Wednesday and the headline inflation data for November on Friday
- two key data points ahead of RBI's monetary policy meeting on
Dec. 18.
    * The benchmark 10-year bond, which was in
the shut period on Friday, was flat at 8.17 percent.
    * Cash deficit in the banking system will be watched closely
as it is expected to tighten further on advance tax outflows
during this week. 

 (archana.narayanan@thomsonreuters.com; +91-22-61807244; Reuters
Messaging: archana.narayanan.thomsonreuters.com@reuters.net)

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