Page 19 - Bond Market

GST compensation row: FM's 'act of God' can be a nightmare for RBI

The government has invoked "act of God" for not paying its due to the states directly

Severe shock to consumption, economy will take longer to recover: RBI

"Retrenchment in activity that is unprecedented in history," says the annual report released by the central bank

Stimulus to ease funding burden for India's weakest firms in Covid era

Yield premiums on 10-year rupee bonds ranked BBB have dropped about 80 basis points from an 11-year high in late March

RBI sends signal to traders that bond yields may head higher in debt sale

The Reserve Bank of India sold a 30-year bond on Friday at a cutoff yield of 6.7596 per cent, versus the 6.65 per cent estimated in a Bloomberg survey

'Bond market investors are likely to chase yields in the coming months'

The RBI may need to step in with larger purchases soon to keep yields from rising.This size of weekly auction can be absorbed in the market only if there is confidence on low yields, he says

India's bond market is so hot even Yoga guru Ramdev is selling debt

Borrowing costs on bonds have plunged after policy makers unveiled record stimulus to help combat the financial fallout of the pandemic

The importance of high-yield markets

Their role in fuelling the success of the US shale industry offers lessons for India's economy today

Are sovereign gold bonds a good idea?

Though SGBs were launched in November 2015, almost 35 per cent of the amount mobilised is in the current financial year

Liquidity measures help reduce financing cost in corporate bond mkt: RBI

Yields have dropped and the spreads have compressed despite foreign portfolio investment outflows of around $3 billion from corporate bonds in 2020, says article

Bond market warms up to NBFCs, but India's top-rated companies benefit

The liquidity situation for non-banking financial companies (NBFCs), which had been facing a crunch on this front for some time now, is improving.

In high-yield revival, global funds prefer Indonesia over India

The archipelago's debt is more attractive due to a superior fiscal outlook and the greater potential for currency strength

The liquidity tide

Dangers of global liquidity glut are the same as the last crisis

Despite Moody's rating downgrade, indicators point to rupee revival

Currency dealers say the Reserve Bank of India (RBI) intervened in the currency markets, and may have even bought some bonds anonymously from the secondary markets.

Centre looks to EPFO, LIC, PSBs to raise funds through power bonds

PFC, REC will first issue bonds based on initial demand from states

Last rate cut for now but there're more bullets in RBI's chamber

Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.

Borrowing limit raised, but states won't rush to make use of the chance

Only eight states will qualify for the extra borrowing, as they have to meet stiff conditions on ease of doing business.

Govt to switch Rs 30,000 crore of bonds for longer tenure securities

Such switches happen to enable the government repay the loans at a later date to ease the strain on the exchequer in the immediate term.

Indian firms getting downgraded like never before; credit markets at risk

Ratings have been cut for 847 companies

Yields jump 20 bps on borrowing target hike, banks stem free fall

The government had surprised everyone with a revised borrowing programme of Rs 12 trillion, against Rs 7.88 trillion originally planned

Govt hikes borrowing limit by over 50% to Rs 12 trn as virus grips economy

Sources say the Centre has asked RBI to do whatever to keep yields in check, which may result in massive secondary market bond purchases