Page 10 - Bond Markets

Stagflation risks grip bond markets, high yields are here to stay: Report

The initial trigger for the spurt in the bond yields was the MPC decision to hold the rates, citing the spike in the inflation print on August 6

RBI steps into bond market with Operation Twist to cool down yields

Under the mechanism, the apex bank buys long-term bonds and sells short-term bonds. This cools down long-term yields, raises short-term yields, but keeps liquidity neutral

Is India inching closer to inclusion in the Global Bond Index?

The nervousness in the bond markets on account of higher inflation, larger supply of bonds in H2 and absence of RBI OMOs so far is evident

Bond market expects massive OMO to help govt meet Rs 12 trn borrowing goal

So far this fiscal, RBI has bought about Rs 1.14 trn of bonds from the secondary market, most of them unannounced

Game changer? How $858 bn Covid-19 recovery fund will shake up EU bond mkts

The EU currently has around 54 billion euros in outstanding debt, having borrowed nothing last year and just 5 billion euros in 2018

Covid-19 bringing $1 trn of new global corporate debt in 2020: Report

The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion

Indian bond yields fall to over one-week low after special OMO announcement

Seven Indian states are due to sell at least Rs 90 billion worth of debt later in the day with a greenshoe option to retain an additional 30 Rs billion

Signals from the debt market: Staying invested in equities is important

A steep yield curve has been followed by a bull run in equities on a couple of occasions in the past

Sebi gives 3-month window to unlisted bond issuers to get securities listed

According to estimates, the industry has over Rs 40,000 crore of exposure to unlisted debt papers

Bond and currency dealers baulk at the thought of joining back office

While an official rule allows only 10% staff in office on any working day, trading typically requires dealer presence on the floor. And banking is an essential service

Bond market signals rocky road ahead for Tata Motors, Jaguar Land Rover

JLR bonds trading at record yield of 13.2%, more than double since the pandemic broke out

Franklin MF shuts 6 debt schemes over redemption pressure, liquidity crunch

MF distributors fear investors could start to withdraw their investments in large quantum from debt schemes, following Franklin Templeton's move

Franklin Templeton crisis: Short-term bond market is in deep trouble

The decision has been prompted by lack of liquidity in the high-yield market, as well as heavy redemption pressures that are affecting all debt funds

Cash-starved and desperate, states borrow at steep rate in lockdown

According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.

Is bond market welcoming back corporates? Wrong conclusion, say experts

The spread between the 10-year AAA-rated corporate and equivalent maturity government bonds have fallen to 108 bps

Worst week since 2008 global financial crisis as global indices nosedive

The velocity of the fall in stocks has been sharp across markets in Asia, Europe, and America

Muthoot Finance raises $550 mn at 4.4% from international bond markets

Second bond issue from the firm after it placed $450 mn for 3-year tenor at 6.13% in Oct 2019

Budget 2020: Markets brace for Rs 8-trillion gross borrowing in FY21

Bond traders say the market wouldn't be perturbed if the government is not able to keep the fiscal glide path in mind and overshoots its targets by 0.5 percentage points

Stung by record defaults, China vows for more transparent bond handling

Improving the mechanism of handling bond defaults will be essential to prevent and resolve financial risks, and it must be done in a way that is market based

Rise in defaults could make things even worse for India, China in 2020

Defaults in China will likely rise in both the onshore and offshore bond markets next year amid a tightening in funding