MUMBAI, Jan 28 - Indian federal bond yields are expected to move in a tight range of 4-5 basis points on Friday, as traders will be reluctant to build positions ahead of $2.2 billion debt supply scheduled next week.
* Comments by top officials from the Reserve Bank of India on Thursday that the central bank was unlikely to take aggressive steps to improve liquidity will put upward pressure on yields. [ID:nSGE70Q06I]
* The RBI raised key interest rates by a quarter point each as expected on Tuesday, to clamp down on resurgent inflation and warned higher food prices could become entrenched if steps to boost output are not taken. [ID:nSGE70O051]
* Traders expect another rate increase at the central bank's next policy review in March. [ID:nSGE70Q02L]
* The yield on the most traded 8.08 percent, 2022 bond ended down 2 basis points on Thursday at 8.18 percent, while the less liquid benchmark 10-year bond yield shed 1 bps to 8.14 percent.
* U.S. Treasuries were little changed in Asia on Friday after rising on Thursday in a relief rally as the last of three Treasury debt auctions was met with solid investor demand, alleviating concerns over any waning appetite for government debt. [US/]
* Comments by top officials from the Reserve Bank of India on Thursday that the central bank was unlikely to take aggressive steps to improve liquidity will put upward pressure on yields. [ID:nSGE70Q06I]
* The RBI raised key interest rates by a quarter point each as expected on Tuesday, to clamp down on resurgent inflation and warned higher food prices could become entrenched if steps to boost output are not taken. [ID:nSGE70O051]
* Traders expect another rate increase at the central bank's next policy review in March. [ID:nSGE70Q02L]
* The yield on the most traded 8.08 percent, 2022 bond
* U.S. Treasuries were little changed in Asia on Friday after rising on Thursday in a relief rally as the last of three Treasury debt auctions was met with solid investor demand, alleviating concerns over any waning appetite for government debt. [US/]
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