Indian Bond Market

States are aiming to raise more than ₹33,200 crore, 25 per cent higher than the planned calendar, while Power Finance Corp is eyeing ₹6,000 crore and Bank of India plans to raise ₹10,000 crore

Axis AMC expects markets to shift towards a 'lower-for-longer' rate phase as tighter liquidity conditions set in

Alongside fiscal concerns, pension funds and insurers have shunned bonds in favour of equities, while large banks have slowed purchases amid mark-to-market losses on existing bond holdings

Fears of a widening deficit have pushed up the benchmark yield by 18 basis points this month, with the bulk of that rise coming last week

The approach to managing liquidity and communication policy is yet another manifestation of how the central bank has taken a fresh view on the issue

Jio Finance to launch its first bond issue on May 14 with Rs 1,000 crore target and 7.19 per cent expected coupon amid improved liquidity and rate cut outlook

Indian states raised Rs 722.55 billion ($8.43 billion) through a sale of bonds, the biggest amount ever to be borrowed via a single auction

Foreigners bought $1.8 billion of rupee bonds this month so far, already higher than any monthly total since September

After January's bond market turmoil, triggered by geopolitical events, large-ticket issuers have rushed to raise funds despite rising corporate bond yields due to tight liquidity and increased supply

Despite the doubling in the government's debt sales since the pandemic, robust demand from long-term investors, like pension funds and insurance companies, has helped absorb supply

The Indian rupee plunged against the US dollar on Friday, ending at a record low of 85.53, posting a slump of 0.3 per cent - the biggest for a single session in nearly seven months

Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent

Overseas investors sold Rs 2,800 crore ($333 million) of the so-called Fully Accessible Route bonds in October, according to Clearing Corporation of India Ltd. data.

Global funds last week sold Rs 870 crore ($104 million) of the so-called Fully Accessible Route bonds

Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August

Foreign investors still hold Indian government debt worth Rs 2.47 trillion-- either through FAR securities or through derivatives such as total return swaps (TRS)

The benchmark bond yield may drop to 6.30 per cent by March end, on strong foreign inflows and rate cuts from the central bank

Traders will also focus on fresh debt supply, while also remaining cautious after rise in US Treasury yields

The benchmark 10-year yield is likely to move between 6.75 per cent and 6.78 per cent on Monday

Markets have fully priced in a rate cut of at least 25 bps at the Fed's policy decision due on Sept. 18, with expectations for a 50 bps remaining around 30%