Bond Yield Curve

Since the start of the West Asia crisis, 10Y sovereign yields have risen by more than 50 bps across several advanced and emerging markets, including Japan, UK, US, Canada, Italy, Spain and South Korea

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

Union Finance Minister Nirmala Sitharaman on Sunday announced a larger-than-expected gross market borrowing via dated securities of ₹17.2 trillion for FY27

Government bond yields rose as traders booked profits following RBI's 50 basis point repo rate cut and change in policy stance, impacting market sentiment

RBI MPC: The RBI has delivered a liquidity bazooka, but the real gains ahead depend on how fast the credit flywheel turns. Debt investors, thus, must navigate this shift with nuance

The premium of the 10-year India bond yield over the policy repo rate should not be more than 45-50 basis points, Jain said, adding the bank likes the "front-end of the yield curve"

Foreign funds bought debt worth 718 billion rupees in the first half of fiscal 2025, according to clearing house data, and investors expect purchases to jump by up to 40% in the second half

The benchmark 10-year yield ended at 6.8637 per cent, compared with its previous close of 6.8605 per cent

The benchmark 10-year yield was at 6.9357 per cent as of 10:00 a.m. IST, compared with its previous close of 6.9512 per cent

The benchmark 10-year yield was at 6.9748 per cent as of 10:10 a.m. on Monday, close to the key technical level of 6.98 per cent

The benchmark 10-year yield is likely to move in a 6.95 per cent-6.98 per cent range till the auction, after closing at 6.9674 per cent on Thursday

The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session

The benchmark 10-year yield was at 6.9724 per cent as of 10:00 a.m. IST, after closing at 6.9767 per cent in the previous session

In July 2023, MTNL raised Rs 2,480 crore ($296.97 million) through 10-year government-guaranteed bonds at a semi-annual coupon of 7.59 per cent and the interest payment is due on July 20

U.S. yields declined on Friday after data showed nonfarm payrolls grew by a slightly higher-than-expected 206,000 jobs in June, but the count for April and May was revised lower by 111,000

Indian bonds will be included in JPMorgan's widely-tracked emerging market debt index on June 28

Category has lower share than before among rated instruments

India's index-eligible bonds have attracted $10 billion since the inclusion was announced in September

US yields eased on Tuesday after data showed retail sales in the world's largest economy was weaker than expected in May

Foreign investors added new seven-year bond positions during its auction on Friday, while overseas banks have also been on a bond-buying spree for the last four weeks