Bond sale rescued by India dealers as rout sweeps across globe

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By Subhadip Sircar Primary dealers stepped in to rescue an Indian bond auction as a spike in global yields dented demand for sovereign debt. Underwriters bought about 20% of the 240 billion rupees ($3.3 billion) of bonds on offer at a weekly sale, the Reserve Bank of India said in a statement Friday. They bought … Read more

Bond yields in India creeping back to 6% as RBI goes silent

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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