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MARKET EYE-Indian bonds to open higher on OMO announcement
August 27, 2013 / 3:18 AM / in 4 years

MARKET EYE-Indian bonds to open higher on OMO announcement

* Indian federal bonds seen opening higher on Tuesday after RBI
announced debt buy in the week. The benchmark 10-year bond yield
 ended up 8 basis points at 8.34 percent on
* The fear of burden from the $20 billion food security bill on
the debt market will weigh on sentiment, dealers said.
* Heavy supply will also hit sentiment with the RBI's sale of
180 billion rupees of bonds on Friday -- its biggest weekly sale
during the fiscal first half year -- 220 billion rupees of cash
management bills and 120 billion rupees of treasury bills this
* The Reserve Bank of India said it will buy 80 billion rupees
($1.24 billion) worth of federal government bonds through an
open market operation on August 30. 
* The drop in U.S. Treasury yields for the second straight
session on Monday as weaker-than-expected economic data fuelled
views the U.S. Federal Reserve might not trim its massive bond
purchase program until later in the year, will also support


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