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
The economic impact of Covid 19 outbreak is progressing from a supply shock, to a demand shock as incomes and jobs shrink according to a survey by BofA Securities and it expects demand boosting measures from the government. A survey of over 1000 persons by BofA Securities shows that COVID- 19 outbreak is fast progressing … Read more
There is a lot of value in the longer end of the curve as these situations normalise, says R Sivakumar, Head Fixed Income. Bond yields have corrected below that 6% level post RBI’s Operation Twist and the HTM limit relaxation as well. What is it that your outlook is on some of these measures and … Read more
India’s GDP will contract by 3 per cent in FY21 because of the coronavirus pandemic, assuming the economy is opened up fully from next month, a foreign brokerage said on Thursday. BofA Securities also said the RBI will monetise the fiscal deficit through purchase of government bonds of up to USD 95 billion through open … Read more