Mumbai: Yields on the 10-year sovereign bonds Wednesday plunged to a 13-month low on expectations that the US Federal Reserve will go easy with its monetary policy choices in response to the emerging economic hardships in the world’s biggest economy. Yield on the Indian 10-year benchmark government bond slid 8 basis points to close at … Read more
India is inching toward a major milestone: opening its $1 trillion government bond market to more international investors, one of the most ambitious attempts to attract foreign inflows since the country liberalized its economy three decades ago. Policy makers have spent months preparing to join global indexes, key benchmarks that increasingly determine how large asset … Read more
By Kartik Goyal India’s sovereign bonds are turning a corner as a supply overhang dissipates following a raft of liquidity measures from the central bank. Early signs of economic revival are also spurring hopes of an improvement in government finances. The yield on India’s benchmark 10-year bond fell about 13 basis points over the past … Read more
Mumbai: The bond market reacted postively to the Reserve Bank of India (RBI) governor’s signal for lower yields lapping up the Rs 28,000 crore bonds on offer at the prevailing market rate even as the benchmark bond yield dropped by seven basis points to end at 5.94%. As expected the RBI kept interest rates unchanged … Read more
By failing to take advantage of the surfeit of global capital scouring the world for profitable deployment, the government fails the people of India, in desperate need of growth, incomes and jobs. Synopsis There is an IPO fever raging in the US, apart from Covid-19. It shows that there is a mass of capital out … Read more
The key is for the Centre to accept that states are at the frontline of this economic battle, and urgently need access to additional resources, not just compensation for inadequate cess collections. Synopsis Markets would see immediately that the risk of default of state governments, with such a large rise in their liabilities, would be … Read more
Manila: The Asian Development Bank (ADB) returned to US dollar bond market with the pricing of a three billion dollars five-year global bond proceeds of which will be part of ADB’s ordinary capital resources. “We looked at the post-summer issuance window and saw an opportunity to add a new five-year to our global benchmark curve,” … Read more
By Kartik Goyal A conspicuous silence from the Reserve Bank of India regarding support for the nation’s bonds has left traders wondering whether the recent gains in yields is a new normal. The central bank may be trying to increase the attraction of sovereign debt by letting yields rise, according to PNB Gilts Ltd. The … Read more
By Subhadip Sircar Shorter-tenor sovereign notes led declines in the Indian debt market for the third straight session as muddied outlook on rate cuts by the central bank and tepid demand at an auction for the securities eroded traders’ sentiments. The yield on the 5.22% 2025 bond is up 4 basis points to 5.15% on … Read more
By Conrad de Aenlle Consider this opportunity: You can invest in a stock market that is greatly overvalued now but that could be only slightly overvalued next year if a lot of good things happen — during a time when a lot of bad things are happening. Are you in? This isn’t a thought experiment. … Read more