Tuesday, June 5, 2007

Indian Government Bonds May Fall; Auctions to Leave Banks With Less Money

(Bloomberg) -- Indian government bonds may decline for
a third day on concern debt auctions will drain funds from banks,
the biggest buyers of the securities.

The yield on the frequently traded 7.49 percent security due
April 2017 was little changed at 8.16 percent as of 9:15 a.m. in
Mumbai, according to data compiled by Bloomberg.


Read more at Bloomberg Bonds News

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