Benchmark rose as much as 6 basis points to 2%, before easing little under that threshold, extending rise from 1.5% since mid-July. 30-year real yield up 6.6 basis points to 2.14%, new peak since 2011
That uncertainty, along with an increase in new debt sales as the federal government contends with mounting deficits, has weighed on the bond market
Yields for most tenors approached the highest levels seen so far this year, while wagers that the US Federal Reserve (Fed) might cut interest rates this year fizzled
As on March 31, the company's total borrowing stood at nearly 40 billion rupees ($485.07 million). Its borrowing mix currently comprises 60% from banks, 20% from the bond market
Regulator Irdai on Tuesday said it has relaxed norms for 'surety bonds', a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach of contract or other types of non-performance. The changes are aimed at expanding the surety insurance market by increasing the availability of such products. As per a circular issued by the Insurance Regulatory and Development Authority of India (Irdai), the solvency requirement applicable for such products has now been reduced to control the level of 1.5 times from 1.875 times previously prescribed. Further, the prevailing 30 per cent exposure limit applicable on each contract underwritten by an insurer, has also been removed. The regulator had issued 'IRDAI (Surety Insurance Contracts) Guidelines' in January 2022. Irdai said the amendments have been made on the basis of the evaluation of various representations received. The amendments follow the earlier notification removing
The 10 year g-sec yield is expected to be at 7.0 per cent as against 7.21 per cent currently by end March 2024
Shields banks from adverse impact from bond portfolio
Govt is already finalising projects and may issue a few such bonds in H1FY24
Municipal bonds can play an enabling role
Surat, Vizag may issue bonds soon as Centre renews urban infra focus
It may also compress the spread for debt instruments floated by HFCs over 10-year govt bonds, subject to demand and supply conditions
AT1 bonds are a means by which banks augment core equity capital
Companies that use the standard will have to prove that the proceeds from their green bonds are in line with the bloc's list of environmentally friendly activities, known as the taxonomy
HDFC is stepping up borrowing from notes because its merger with HDFC Bank Ltd. will make accessing the bond market more difficult
Globally, for infrastructure projects, the construction risk is borne by the bond market; the banks step in at a later stage when they can smell the cash flow
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Adani Enterprises Ltd., the flagship company, finished up nearly 15% on Tuesday, leading gains as other related stocks also rose
Govt move to tax high-value insurance policies may hit demand for long-term bonds: Analysts
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Stock markets worldwide halted their January rally on Monday, pausing for breath at the start of an agenda-setting week of central bank rate hikes and data releases