Indian government bond yields declined in early deals on Wednesday, with the 10-year benchmark yield falling to its lowest level in nearly three years, on growing optimism over the domestic central bank easing interest rates this week. The benchmark 10-year yield was at 6.6928%, as of 10:00 a.m. IST, compared with its previous close of … Read more
New Delhi: India isn’t looking for a short burst of accelerated economic growth but a sustained expansion rate of over 7% for at least the next two decades, which requires a whole “reimagining” of its financial sector, economic affairs secretary Ajay Seth said on Tuesday. Delivering the valedictory speech at a Confederation of Indian Industry … Read more
Mumbai: The Shapoorji Pallonji Group (SP Group) is offering ₹400 crore more to the bondholders of group company Goswami Infratech, in exchange for their consent to extend the deadline to meet certain covenants on ₹14,300 crore of borrowings. The company, which has to pay ₹1,400 crore in interest this month, has sought a four-month window … Read more
Mumbai: BlackRock is positioning its recently launched Indian government bond exchange-traded fund (ETF) as a “one-stop shop” for foreigners to deploy money in relatively high-yielding local sovereign debt, without navigating multiple layers they would otherwise confront to trade here, said an executive. “On the bond side… the meat of the discussion is still about just … Read more
Foreign inflows into India’s sovereign bond market are closing in on the $10 billion mark ahead of the country’s inclusion in the JPMorgan Chase & Co’s emerging markets debt index. Investments into index-eligible Fully Accessible Route bonds have risen by 812.18 billion rupees ($9.8 billion) since the announcement in September, data from the Clearing Corp. … Read more
MUMBAI – India’s 10-year government bond yield declined in early trade on Monday, falling below the critical 7.15% mark to a near 4-month low, as prospects of lower inflationary pressures powered bullish bets. The 10-year benchmark bond yield was at 7.1350% as of 10:00 a.m. IST, following its previous close of 7.1791%. The yield eased … Read more
Mumbai: Canara Bank (CanBank) and Bank of Maharashtra are looking to raise up to ₹4,500 crore in bond sales amid surging demand for credit in a rapidly expanding economy. Canara Bank plans to carry out an issuance of additional tier-1 (AT-1) bonds with a base size of ₹1,000 crore and a greenshoe option of ₹2,500 … Read more
In a year in which little has gone right in the US bond market, November turned out to be a month for the record books. Investors frantically bid up the price of Treasuries, agency, and mortgage debt, sparking the best month since the 1980s and igniting a powerful pan-markets rally in everything from stocks to … Read more
Mumbai: The Centre’s outstanding market borrowing through bonds has climbed past the ₹100-lakh-crore mark, largely as the Covid crisis triggered a surge in debt issuances as New Delhi sought to pump-prime a stalled economy through state spending. The latest Reserve Bank of India (RBI) data showed that the outstanding stock of central government bonds, excluding … Read more
In the ever-changing world of investments, trying to predict the future of an economy can be challenging. Whether you are an experienced investor or just starting your financial journey, understanding whether an economy is on the path of growth or heading towards a recession is crucial. Fortunately, there is a valuable tool that can provide … Read more