Government bonds (G-secs) are now listed on the exchanges

Bonds
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Government bonds (G-Secs) have started trading in the cash market segment from today.

To add a security to your marketwatch, just search by the first 3 digits of the bond. For example, if you want to add the 7.17GS2028 bond to your marketwatch, you will have to search for “717”.

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If you have invested in G-Secs, you can now directly sell them on the exchanges. There isn’t much liquidity in these securities, but this should hopefully pickup with more auctions and penetration.

Note: Only long-dated bonds are listed and not T-bills. If you have invested in T-bills and want to exit, then you will have to hold them till maturity.

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If we want to exit Tbills there is no other way??

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My problem is that unlike FDs, to exit from bonds and T bills is looking very difficult… Have any better ways to exit emerged over time? While these are excellent investment opportunities, any traded bond that I check have zero volume traded… Which means absolutely no liquidity and I its impossible to liquidate this assets even if I am in desperate need. @nithin please let us know if there are any sure shot feasible exit options available?

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Which is one of the issues of allowing pledging. The only easy alternative is selling through IDBI
https://samriddhigsec.idbibank.co.in/GSEC/newInvPageCaller.do?pageId=newInvHome#no-back-button

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If I register on the website, do they surely buy all the t bills and bonds. Can I assume I will face no liquidity issues if I sell via IDBI? Looking for surety.

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Not sure about T-bills. They’ll provide you a quote, if you are ok, you can sell it to them.

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Wondering how GILT mutual funds maintain liquidity! Do you know on what platform they sell bonds? Is it the IDBI platform?

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There’s a separate institutional platform for that
https://www.ccilindia.com/OMHome.aspx

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how can HNI participate/trade in it ?

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You can search the forum or google it. We are done answering all your pointless questions over and over again.

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@nithin wow, this looks like a really professional reply.

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@Bhuvan on the IDBI portal, can I sell bonds that I bought through Zerodha as well?

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Yes, you can

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do we require to map the zerodha demat with the IDBI portal ? or how this is working ??

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Hello Bhuvanesh,
Found a link
https://samriddhigsec.idbibank.co.in/GSEC/invPageCaller.do?pageId=getFAQPage#no-back-button
Can an individual buy/sell Gsec in IDBI portal in addition to NSE. Is there any minimum quantity for buy/sell.
I could not find more details on this.
Could you please point me to where I can get details / procedure for buying /selling on IDBI portal since NSE has very less liquidity.

Why is this not popular among retailers. 'm I missing something ?

I’m aware coin allows me to buy Gsec. Only problem is with respect to selling Gsec.

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Sorry missed this.

You can buy G-Secs on Coin. Since selling is difficult given the low volumes on the exchanges, you can use IDBI Samriddhi to sell.

You can register here Samriddhi Portal

Up until recently, G-Secs weren’t accessible to retail investors. We were one of the first brokers to open up the non-competitive bidding mechanism

Answered above

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Please pardon the ignorance, but is there any way to short g-secs/T-bills? A ‘how to short bonds’ search results in results that are all about short term bonds.

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The easiest way to do this is Interest rate futures. But very few contracts have liquidity. Interest futures are derivative contracts on Govt bonds.

https://www.nseindia.com/market-data/bond-market-futures

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Hi,
Im planning to buy 6.64% bond from coin so what is the face value of this bond and what is the ISIN 'number for this.

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Hello. Thanks for the info. Is this still the best way to buy in sept 2021please ?

Any pointers if we want to buy trough this portal.

How about zerodha

TIA