August 5, 2013 / 3:17 AM / 4 years ago

MARKET EYE-Indian bond yields to ease after US jobs data

* Indian government bond yields seen easing on Monday as traders
cut bets on the U.S. Federal Reserve tapering its stimulus after
data showed employers slowed their pace of hiring in July. The
benchmark 10-year bond yield closed trading at
8.28 percent on Friday, up 21 basis points. 
* Dealers say yields will follow INR moves closely with the
local currency hovering near its life lows. 
* The Fixed Income Money Market Derivative Association (FIMMDA)
says no trading band for Monday.
* The government will sell 30 billion rupees ($491  million) of
seven-day cash management bills on Aug. 5. 
* U.S. Treasuries yields fell from two-year highs on Friday
after weaker-than-expected U.S. job growth in July added to
uncertainty over the timing of when the Federal Reserve is
likely to pare back its bond purchase programme. 

 (archana.narayanan@thomsonreuters.com/archana.narayanan.thomson
reuters.com@reuters.net)

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