BTW, as discussed in GoI Dated Securities - #6 by cvs
instead of bidding in the auction and waiting,
you can already purchase the same GSEC on secondary market (eg.NSE).
Nearly 2.4 Lacs worth of the same GSEC are currently available on NSE.
That too at a spread of 10-50paise cheaper than the expected price
used to calculate the indicative yield of 6.89% for the upcoming GSEC auction.
Resulting in upto 6.96% yield on the same bond.
(for the first 900 units available at ~Rs.98)
