India corp bond yields rise on profit-booking

MUMBAI, Nov 23 - Indian corporate bond yields rose on Monday, tracking government bond yields and as investors booked profits after yields fell to three-and-a-half-month lows in the previous session.

The yield on the Reuters benchmark five-year corporate bond <AAAIN5Y=> ended at 8.13 percent on Monday, up from 8.07 percent on Friday, which was the lowest since July 30.

The spread between the five-year corporate and government bonds widened to 85.55 basis points from 82.44 basis points on Friday.

The yield on the 10-year benchmark bond <IN069019G=CC> ended at 7.22 percent, above Friday's closing of 7.18 percent. [IN/]

Rural Electrification Corp's 7.90 percent bond maturing 2012 <IN079012RE=IN> was the most traded, with volumes of 1.3 billion rupees on the NSE.

Total volume traded on Monday was 15.40 billion rupees, higher than Friday's 14.07 billion rupees, Thomson Reuters data showed.

This data is sourced from the Bombay Stock Exchange, National Stock Exchange and Fixed Income Money Market and Derivatives Association of India . ((jeanette.rodrigues@thomsonreuters.com; Tel: +91 22 6636 9037; Reuters Messaging: jeanette.rodrigues.thomsonreuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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