The Bond prices surged on April 8 on the back of expectation that the Reserve Bank of India will reintroduce the cap on the reverse repo window, considering the huge amounts that the banks are parking in the window. The banks this week have parked an average of Rs 1,25,000 crore in the reverse repo window with the RBI under the liquidity adjustment facility.
Moreover, the RBI is scheduled to auction securities worth Rs 12,000 crore on Thursday. The total traded volumes on the order matching system were at Rs 9,285 crore (Rs 9,625 crore). The 6.05 per cent-10-year-2019 paper opened at Rs 93.5 (6.97 per cent YTM) and and closed at Rs 94.26 (6.86 per cent YTM) as compared to the previous close of Rs 93.30 (7 per cent YTM). In line with this, the 7.56 per cent-2014 paper opened at Rs 104.70 (6.53 per cent) and closed at Rs 104.64 (6.54 per cent YTM).
Moreover, the RBI is scheduled to auction securities worth Rs 12,000 crore on Thursday. The total traded volumes on the order matching system were at Rs 9,285 crore (Rs 9,625 crore). The 6.05 per cent-10-year-2019 paper opened at Rs 93.5 (6.97 per cent YTM) and and closed at Rs 94.26 (6.86 per cent YTM) as compared to the previous close of Rs 93.30 (7 per cent YTM). In line with this, the 7.56 per cent-2014 paper opened at Rs 104.70 (6.53 per cent) and closed at Rs 104.64 (6.54 per cent YTM).
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