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Original headline: RBI rejects all bids at Treasury bill auction as short - term yields surge
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- RBI accepts no bids in treasury bill auction , 10 - Year bond yield climbs to 7 . 44 %
The Reserve Bank of India accepted no bids in its Wednesday auction of 91-day, 182-day and 364-day Treasury bills, even though competitive bids exceeded the notified amounts totalling Rs 23,000 crore. For the 91-day bills alone, the RBI received 67 competitive bids worth Rs 15,366.60 crore against a notified Rs 8,000 crore, and it accepted none of the non-competitive bids. The RBI did not specify a reason for the absence of allotments. The move comes as the benchmark 10-year government bond yield rose to around 7.44%, up roughly 40 basis points over the past month and about 90 basis points over the past year.
- RBI accepts no bids in treasury bill auction , 10 - Year bond yield climbs to 7 . 44 %
The Reserve Bank of India accepted no bids on Wednesday in its auction of 91-, 182- and 364-day Treasury bills, even though competitive bids exceeded the notified amounts. The total notified amount was Rs 23,000 crore. Competitive bids were 67 worth Rs 15,366.60 crore for 91-day bills, 63 worth Rs 18,925.50 crore for 182-day bills and 75 worth Rs 11,352.50 crore for 364-day bills, and no non-competitive bids were accepted either. The release gave no reason. Meanwhile, the 10-year government bond yield rose about four basis points to around 7.44%, up roughly 40 basis points over the past month and 90 over the past year.
- RBI accepts no bids in treasury bill auction , 10 - Year bond yield climbs to 7 . 44 %
The Reserve Bank of India (RBI) accepted no bids in its Wednesday auction of 91-day, 182-day and 364-day Treasury bills, even though competitive bids exceeded the notified amounts for all three maturities. The central bank had notified Rs 23,000 crore in total (Rs 8,000 crore, Rs 8,000 crore and Rs 7,000 crore respectively), but received competitive bids worth Rs 15,366.60 crore, Rs 18,925.50 crore and Rs 11,352.50 crore, and non-competitive bids were also not accepted. The benchmark 10-year government bond yield rose to around 7.44%, up about 4 basis points from the previous session, and has climbed about 40 basis points over the past month and about 90 over the past year. The RBI did not give a reason for the absence of allotments.
- RBI accepts no bids in treasury bill auction, 10-Year bond yield climbs to 7.44%
The Reserve Bank of India (RBI) accepted no bids on Wednesday in its auction of 91-, 182- and 364-day Treasury bills, despite receiving competitive bids above the notified amounts. For the 91-day bills, it received 67 competitive bids worth Rs 15,366.60 crore against the Rs 8,000 crore notified, and the total notified borrowing was Rs 23,000 crore. Non-competitive bids were also not accepted. The yield on India's 10-year government bond rose to about 7.44%, up roughly 4 basis points from the previous session and around 40 basis points over the past month. The auction results gave no reason for the absence of allotments.
- Indian Bond Yield Falls as U . S . Treasury Rates Ease After Nine - Week Climb
India's benchmark bond yield fell Monday after nine weeks of gains, as lower U.S. Treasury yields prompted value buying; the 6.94% bond due 2036 stood at 7.3551%, versus 7.3789% at Friday's close. The benchmark yield had risen 62 basis points over the previous nine weeks, while faster domestic inflation complicated the outlook, with India's combined CPI up 5.54% year over year in September (provisional) after 4.83% in August. The RBI raised its repo rate by 25 basis points to 5.50% on Oct. 7 and ruled out a near-term cut, saying its next move could be a hike or a pause. Indian overnight index swap rates fell, with the one-year down 7 basis points to 6.48% and the two-year down 8 basis points to 6.54%, while Brent crude fell 2.08% to $107.57 a barrel. The RBI's policy minutes are due Oct. 21, October inflation data on Nov. 12, and the next policy meeting is set for Dec. 2–4.
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