0307 GMT [Dow Jones] Indian government bonds are likely to open
higher, tracking gains in U.S. Treasury's Monday. The new
benchmark--the 8.15% 2022 note--yield is likely to open at 8.16% vs
8.17% at Monday's close; the yield is tipped to stay in a 8.15%-8.20%
band through the session. The benchmark bond closed Monday at 99.83 in
price terms. A dealer with a private bank says some traders are hoping
that the RBI will announce a bond buyback this week. For other
near-term trading cues, traders will be watching the response to the
auction of increased limits for foreign institutions to invest in
local government bonds Wednesday. (sudeep.jain@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 02, 2012 23:07 ET (03:07 GMT)
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