“I think July is a tough call now, although the payroll numbers on Friday will give us another clue on that. But I think they will cut twice before the end of the year, probably in September and December,” says Geoff Dennis, Independent EM Commentator.Just wanted your interpretation of the Fed minutes coming in and … Read more
A smaller-than-expected poll victory for Prime Minister Narendra Modi is leading to worries among bond investors about greater populism. Fiscal discipline has been a hallmark of Modi’s decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit and further cut government borrowing in the next budget. The election … Read more
U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more
The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more
Mumbai: Government bond yields are set to ease, lowering the cost of debt for Indian firms, as the Centre’s decision to borrow less than usual in the first half of the next fiscal has improved the demand-supply dynamics for the sovereign bond market. On Wednesday, the Reserve Bank of India (RBI) said the Centre would … Read more
Buying activity from the foreign portfolio investors (FPI) returned in March with equity purchases worth Rs 40,710 crore taking place as on March 15. This comes after a lackluster first two months where FPIs bought shares worth Rs 1,539 crore while remaining net sellers in January at 25,744 crore. With this WPIs are net buyers … 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
The Federal Reserve’s signal on Wednesday that its interest rate hiking campaign is over triggered a drop in bond yields and a rash of market bets on U.S. rate cuts next year, marking a sharp shift in pricing that is rare outside of financial panics. Economic data on Thursday showing stronger-than-expected retail sales in November … Read more
Indian frontline indices S&P BSE Sensex and Nifty50 ended with weekly gains of near 1% amid a mixed trading week. Amid a host of important domestic and global events lined-up during this holiday shortened week, know what lies ahead for the stock markets. On Tuesday, November 14, the domestic equity markets will remain shut for … Read more
Gold prices climbed on Wednesday on softer U.S. Treasury yields, but lacked impetus to move higher as bullion’s safe-haven demand showed signs of fatigue after global leaders sought to prevent the Israel-Hamas war from spreading. FUNDAMENTALS * Spot gold gained 0.2% to $1,974.29 per ounce by 0104 GMT, having declined in the previous two sessions … Read more