Debt Auction News Today

The yield on the existing benchmark 10-year was at 7.0835% as of 10:00 a.m. IST on Tuesday, following its close of 7.0556% on Thursday. The markets were shut on Friday and Monday.

Mutual funds have net sold central government bonds worth 143 billion rupees ($1.72 billion) over the last seven sessions, including a record single-session sale of more than 60 billion rupees on Monday, data showed.

The borrowing cost for states fell to 7.44% in the debt auction, lower than the two-year high of 7.8% in January. This decline is attributed to the interim Union Budget and the fiscal deficit target. Issuance trailing, limited supply, and falling interest rates contributed to the decrease. The weighted average tenor increased, while the spread between cut-off rates declined.

India is one of the largest importers of the commodity. Inflation eased to 6.83% in August from 7.44% in July but remained above the central banks target band for second consecutive month.

Bond yields have eased in the last few sessions, tracking their U.S. peers and moves in the overnight indexed swap (OIS) rates. U.S. yields and Indian swaps fell on rising speculation that the Feds rate hike on July 26 would be its last in the current tightening cycle. The 10-year U.S. yield was around 3.75%, while the five-year OIS was at 6.21%.

Authorities are lagging their existing financing target by Rs 188 billion ($2.5 billion) just one month into the new fiscal year, according to Bloomberg's calculations based on official data

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Average fell to a 3 1/2 year low. also aiding stocks, italys bond yields, which spooked investors wednesday, but eased thursday after a debt auction. still the yield on the ten-year bond hovers near the 7% danger level. banks were the days biggest gainers led by jpmorgan chase, alcoa, and caterpillar, two bell weathers that sunk wednesday led the dow. amazon dipped after a brokerage warning on the quarter results. sears fell further after its store closings and other issues caused fitch to d...

fire. government officials tell the french press agency the blast happened in a compound of warehouses but it was not caused by a bomb. the report says more than 95 people have been injured, many of them firemen. a final tribute to their fallen leader. ♪ north koreans took part in a memorial service for kim jong il who died nearly two weeks ago. they observed three minutes of silence for the former leader and pledged support for the new leader, kim jong-un. whats expected to be a...

choreographed affair, as we were expecting from north korea, very similar to what we saw 17 years ago for the funeral of kim il-sun. we saw the procession. coffin going through the streets of pyongyang, 40 kilometers was the procession. and along those snow-laden streets, there were tens of thousands if not hundreds of thousands of mourners who had come out to pay their last respects. this was a lot of emotion. we did see at the front of these crowds a lot of wailing and weeping and be...