Markets Report

Money market

Sentiment: Cautious

The impending twin auctions and the tripling of the amount the government borrows via 91-day treasury bills kept gilt yields in a narrow band.

The benchmark 10-year 7.27 per cent gilt ended at 5.5663 per cent as against the previous close of 5.5736 per cent.

Corporate bond yields edged up, with the 6.20 per cent UTI bond 2010 trading at 5.5416 per cent, compared with Monday