Page 4 - Bond Market

UK inflation unexpectedly eases in Dec, could reduce pressure in bond mkts

Inflation in the UK unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month. The Office for National Statistics said Wednesday that inflation, as measured by the consumer prices index, was 2.5% in the year to December, largely as a result of easing price pressures in the services sector, which accounts for around 80% of the British economy. That was down from 2.6% the previous month. Economists had expected no change in the annual rate. Though inflation has fallen, it remains above the Bank of England's target of 2%. If the Bank of England decides to cut its main interest rate from 4.75%, it could well ease the pressure in British government bond markets, which have been volatile in recent weeks. The uptick in the interest rate investors are charging the British government to lend money over 10 years hit a 16-year high in recent days, piling pressure on Treasury chief Rachel Reeves to cut spending or raise

Tata Capital raises $400 million through maiden international bond

Tightens pricing by 33 bps over initial guidance

Indian bond-index inflows may fall short of estimate, says Morgan Stanley

India currently has a weight of 7% in the JPMorgan gauge, and that's expected to rise to the maximum of 10% by March

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, the company said on Tuesday. NDR InvIT is an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. These 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT's key role in advancing India's warehousing and industrial parks sector, NDR said. The funds will accelerate NDR InvIT's strategic growth plans, it added. With demand for robust logistics infrastructure soaring due to rapid manufacturing growth and the exponential rise of e-commerce, this investment positions NDR InvIT as a driving force in bridging critical infrastructure gaps, it noted. The investment comes at a time when India's logistics and warehousing sectors are poised for exponential growth, it said. According to a recent report by Motilal Oswal, the domestic logistics market, valued at Rs

$319 billion ESG bond market tumbles; bankers, investors left in lurch

Companies and government bodies have so far raised $37.6 billion via the instruments, known as SLBs, about 46 per cent lower than in all of 2023

Asset manager Amundi targets India debt with two recent fund launches

To add to the dollar-denominated exchange-traded fund (ETF) launched in September, the fund house launched the rupee-denominated India Bond Fund earlier this month

Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand

SBI has raised Rs 50,000 crore through domestic bonds in FY25

Sovereign bond yields edge higher ahead of local, US inflation data

The benchmark 10-year yield ended at 6.7874%, compared with Friday's closing level of 6.7762%. The yield traded in a one-basis point range on Monday

Dynamic bond funds: Outsource duration investment bets to fund managers

Some dynamic bond funds could take on higher credit risk to boost returns as there is no regulatory curb on them in this regard

Foreign investors net sellers of Indian bonds in Oct; 2nd outflow in 2024

Currently, US bond yields have shown some volatility, with the yield moving from 4.3 per cent to 4.4 per cent. This is despite favourable data, such as the recent jobless claims

Nomura woes deepen with trading scandal, arrest for attempted murder

The scandals reinforce Nomura's image as a firm prone to missteps, including data leaks and a multi-billion dollar loss from the collapse of Archegos Capital Management

Rupee, bonds to balance on high wire of RBI rate decisions, US polls

The next Samvat for the Indian bond market is projected to be a period of relative calm, marked by limited fluctuations in yields and a cautious policy stance from the RBI

Sovereign bond yields rise tracking US peers amid cautious sentiment

The benchmark 10-year yield ended at 6.8660%, the highest since Sept. 3, compared with its previous close of 6.8495%

Moody's raises Vedanta Resources rating driven by efforts to access funding

Moody's Ratings on Friday said it has upgraded the ratings on bonds of Vedanta Resources Ltd (VRL) driven by the company's efforts to access funding. The rating agency has revised Vedanta's corporate family rating to B3 from Caa1, and also upgraded rating on senior unsecured bonds sold by VRL and VRL's wholly-owned arm Vedanta Resources Finance II Plc to Caa1 from Caa2. It has maintained 'stable' outlook on the ratings. "The upgrade to B3 is driven by VRL's demonstrated access to funding, reflected by the successful tap of USD 300 million of its 10.875 per cent senior notes due in September 2029. The tap and the company's USD 900 million issuance last month were oversubscribed by investors," it said. VRL, the parent firm of Mumbai-based mining conglomerate Vedanta Ltd, has raised USD 300 million by exercising the tap option on the existing bond issue. A tap issue is a procedure that allows companies to issue bonds or other short-term debt instruments from past issues. The rating

Sovereign bond yields end higher as sentiment cautious after RBI comments

The benchmark 10-year bond yield ended at 6.8293% on Monday, compared with its previous close of 6.8193%

Funds raised by NBFCs through domestic bonds top Rs 3.2 trn in H1 FY25

More than Rs 74,507 crore was raised in September alone, making it the highest amount in FY25

'Buy India' sovereign bonds chorus grows as demand outpaces supply

The supply crunch comes just as Indian bonds have emerged as top performers among major Asian nations, driven by their recent inclusion in global debt indexes

RBI eases its hawkish stance, index addition to extend market bond rally

Indian bonds handed investors a gain of more than 8 per cent this year, thanks to about $16 billion of foreign inflows

Adani Green's 4 subsidiaries plan to raise up to $1 bn in dollar bonds

"The companies may tap the market before the end of this month, once it judges the pulse of investors in upcoming roadshows," one of the bankers said

FTSE Russell Index revamp has S Korean, Indian bond markets on watch

FTSE Russell will on Oct. 8 announce any inclusions into benchmarks including its World Government Bond Index, which tracks $29 trillion of global fixed income