Treasury Bill Sale of Rs 15,000 crore by the Government Today

Gold Silver Reports – Treasury-bill sale of Rs 15,000 crore by the government today will test investors’ appetite as sovereign bond yields climbed the most in two months. RBI will auction Rs 7,000 crore of 91-day T-bills and Rs 4,000 crore each of 182-day and 364-day notes.                             

Yield on benchmark 10-year notes climbed 15 basis points in yesterday’s session. Edelweiss Securities says the trajectory reversal has been very sharp and has dampened the recent sentiment revival as broad-based buying still seems to be absent

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Implied opening from forwards suggests onshore spot will start trading around 64.9049 today. – Neal Bhai Reports (NBR) INDIA

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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