January 31st, 2009
NEW 10 YEAR BENCHMARK/AUCTION CUT OFF AND JOURNEY GOING FORWARD
RBI announced auction of three dated securities including auction of Rs.3000 crs of new 10 year benchmark viz. 6.05%, 2019. Following are the cut off prices and yields: 7.56% 2014 at Rs.107.40 ( 6.02%), 6.83% 2039 at Rs.93.75 ( 7.35%) and 6.05% 2109 at Rs.100 ( 6.05%) Though the xepected cut off for 2039 was [...]