March 7, 2013 / 3:52 AM / 5 years ago

MARKET EYE-Indian bond yields edge down; crude prices ease

* India's benchmark 10-year bond yield eases 1
basis point (bp) to 7.85 percent, helped by some easing in
global crude prices.
* Yields have eased 7 bps after rising to 7.92 percent in the
immediate follow-up to the higher-than-expected gross borrowing
number for 2013/14.
* Focus now on the key data next week with headline inflation
for February crucial to firming up rate expectations.
* Easing cash conditions have reduced expectations of open
market operations by the central bank which is likely to limit a
sharp downside to bond yields.
* Brent crude futures eased to trade just under $111 per barrel
on Thursday as traders eyed central bank meetings and economic
data this week to give a better picture on the prospects for oil
demand in the world's top consumers. 


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