Omo

VRR auctions fell to Rs 97,861 crore in May, compared to Rs 13,48,316 crore in January, indicating surplus liquidity

Government bonds to experience high volatility due to MPC's OMO strategy, says Venkatakrishnan Srinivasan of Rockfort Fincap

 The market expert expects benchmark 10-year bond yields to hover between 7.20 percent and 7.45 percent.

A pre-Diwali Dhamaka for bond markets from RBI

The suspense has finally ended and the Monetary Policy Committee (MPC) has announced its verdict. The status quo decision on rates doesn’t come as a surprise to bond markets.

RBI holds OMO auction worth Rs 15,000 crore

While the notified amount was Rs 15,000 crore, total amount offered stood at Rs 39,529 crore but the central bank accepted only the notified amount.

OMOs to continue till March-end: Viral Acharya

In the current financial year, the central bank has conducted OMO purchases to the tune of Rs 1.36 trillion, with over Rs 1 trillion of the infusion in the last three months, he said.

RBI to conduct open market operations to infuse liquidity

The purchase will happen through multi-security auction using the multiple price method, it said.

Rs 10,000-cr OMO too small to arrest fall in yields: Report

After the OMO announcement, the benchmark yields fell to 7.62 percent from 7.73 percent last Friday. Today it opened at 7.62 percent and closed at 7.58 percent. Since last November, the bond yields were on northward-ho gaining almost 70 bps.

IDS II to fund Pay Commission, PSB recapitalisation: BofA-ML

The government is expected to raise Rs 1,00,000 crore of additional taxes under the Income Disclosure Scheme II (IDS II), which in turn will help in containing the 2017-18 fiscal deficit, says a report.

10-year yield to trade in 6.73-6.78% range: Ajay Manglunia

The 10-year benchmark yield is likely to trade in a range of 6.73-6.78 percent today, says Ajay Manglunia of Edelweiss.

RBI to infuse Rs 10k cr via bond purchase on Thursday

As part of the OMOs, RBI will purchase government securities maturing in 2017 (bearing interest rate of 7.46 percent), 2022 (8.15 percent), 2025 (8.2 percent), 2017 (8.6 percent) and 2030 (7.88 percent).

See 10-year bond yield around 7.50% by March-end: Nomura

Vivek Rajpal, rates strategist at Nomura India, says: "We will head into the new fiscal year with a total core system liquidity deficit of neutral level if we get one more OMO, which effectively means that liquidity worry will go away in the month of April."

Want to see investment lift-off; 3.5% fiscal deficit imp: UBS

There is a need for investment lift-off and for that to happen, the government will have to mobilise the savings in the economy and make it available to the private sector, says Edward Teather, senior economist Asean & India of UBS Investment Bank

Stubborn bond yields: How RBI can reduce cost of capital

Exactly a year ago, RBI began its rate cutting spree. But the government bond yields remain stubbornly at 7.8 percent -- exactly where they were before the cumulative 125 basis points repo cuts.

Bond yield may touch 7.60% over next month: Nomura India

Vivek Rajpal, rates strategist at Nomura India says, there is likely to be additional OMO of Rs 30000 crore this fiscal

Limited room for easing by RBI, no case for rate cut: CS

Credit Suisse thinks even if the pressure on liquidity were to sustain, RBI will prefer to address it with Open Market (OMO) Purchases rather than CRR

RBI to sell Rs 10,000cr govt bonds through OMO on Nov 5

The central bank would decide on the quantum of sales of individual securities, it said. RBI would have option to accept bids for less than the aggregate amount of Rs 10,000 crore.

Bond yields may drift 25 bps down on another OMO: HSBC

Manish Wadhawan, MD & HD - Interest Rates, HSBC feels the RBI is trying to inject some kind of permanent liquidity into system because OMO is a manifestation of that. RBI has announced OMO for bond buyback.

10-year yield seen between 8.95-9.05% range: Mohan Shenoi

Ahead of WPI data release and weekly scheduled auction today, the range for the 10-year yield is seen between 8.95-9.05 percent, says Mohan Shenoi, Kotak Mahindra Bank.

Bonds can cross 9% if US jobs data disappoint: BofA

Jayesh Mehta believes there is lack of fresh buyers for bonds and people are also reducing their positions ahead of the US data on Friday, which if disappoints, may result in the 10-year bond yields crossing 9 percent.

10-year yield seen between 8.50-8.65%: Ajay Manglunia

Gilts are expected to consolidate gains with the OMO purchase scheduled today and on anticipation of more purchases lined up in the coming weeks, says Ajay Manglunia, Edelweiss.

Expect RBI to ease liquidity crunch through OMOs: ICRA

ICRA expects the RBI to intervene and address tightness in systemic liquidity in the next quarter through open market operations (OMOs) as the Central Bank ruled out any further relaxation in the daily CRR requirement.

10-year yield seen between 8.30-8.40%: Sandeep Bagla

Due to heavy supply in primary auctions this week, the 10-year bond could see selling pressure at higher levels, says Sandeep Bagla, ICICI Securities.

See FY14 GDP at 4.8% if liquidity squeeze persists: BofA ML

Due to squeeze in liquidity high lending rates will eat away benefits of monsoon. Therefore, GDP growth will depend a lot upon when the monetary policy is dismantled, says Indranil Sengupta, Chief Economist India, BofA ML.

10-year yields seen between 8.25-8.50%: Dhawal Dalal

Recent smart outperformance by bond yields post RBI's OMO announcement on August 21 will provide a short term cap on the yield movement, says Dhawal Dalal, DSP BlackRock Invst Managers.

Rupee may trade in tight range of 63.10-63.50: Nirmal Bang

According to Nirmal Bang, rupee may trade in a tight range of 63.10-63.50 during the day. The prospects of some hints of QE tapering in today‘s FOMC minutes will cap any significant gains in the rupee, says the research firm.