Page 7 - Bond Markets
SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times
10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield
 "SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times")
Policy transmission disjointed in bond market: RBI deputy governor Patra
The Deputy Governor flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government's borrowing programme and interest rate changes
 "Policy transmission disjointed in bond market: RBI deputy governor Patra")
Climate debt-trap risks pushing vulnerable emerging markets to brink
Rising global borrowing costs are denting the finances of some of the most climate-vulnerable countries right when they most need money to fight the devastating impacts of global warming
 "Climate debt-trap risks pushing vulnerable emerging markets to brink")
Bond market sees no end to worst turbulence since credit crash of 2007
The world's largest bond market is being whipsawed by its longest stretch of sustained volatility since the onset of the financial crisis in 2007
 "Bond market sees no end to worst turbulence since credit crash of 2007")
TMS Ep278: Vande Bharat, wind power, markets, pre-packaged insolvency res.
Is the Vande Bharat Express ahead of its time? How wind power fell behind solar in India? Will Indian bond markets succumb to global sell-off? What's pre-packaged insolvency resolution? Answers here
 "TMS Ep278: Vande Bharat, wind power, markets, pre-packaged insolvency res.")
BoE expands emergency support for UK bond market to prevent a rout
The Bank of England stepped up its support for the UK bond market, aiming to prevent a rout in a $1 trillion part used by the pensions industry from spreading
 "BoE expands emergency support for UK bond market to prevent a rout")
Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA
The decoupling of Indian equity markets, this year, from the global markets has been remarkable. While the S&P 500 has lost over 20 per cent in CY22 so far, the Nifty50 index is marginally in the red
 "Indian bond, equity markets decoupled; see 30% downside in Nifty50: CLSA")
JSW Energy plans to raise $30.60 million through 3-year bonds: Report
India's JSW Energy plans to raise 2.50 billion rupees ($30.60 million) through sale of bonds maturing in three years, three merchant bankers said on Wednesday
 "JSW Energy plans to raise $30.60 million through 3-year bonds: Report")
SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%
Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore
 "SBI raises Rs 4,000 crore via tier-2 bonds at cutoff rate of 7.57%")
Global bond index providers reach out to India amid geopolitical shifts
Recent rally in bonds despite US bond selloff signals optimism on global index inclusion
 "Global bond index providers reach out to India amid geopolitical shifts")
Global bond inflows to emerging Asian markets signal shift in outlook
In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million
 "Global bond inflows to emerging Asian markets signal shift in outlook")
Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta
RBI needs to be fourth buyer in the bond market, says senior executive
 "Rupee won't go into free-fall even if CAD widens to 3-3.5%: BoA's Mehta")
HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr
Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday
 "HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr")
Where are the bond markets headed as RBI mulls rate hikes?
The RBI is preparing the markets for aggressive rate hikes in months ahead. Find out where the bonds and equity markets are headed. And, a look at investment strategies for the next 3-6 months
 "Where are the bond markets headed as RBI mulls rate hikes?")
Pakistan says it's shut out of global bond markets with IMF only resort
Pakistan's government is unable to secure funding from the global bond market and commercial banks, making it even more important to secure an agreement with the IMF
 "Pakistan says it's shut out of global bond markets with IMF only resort")
How India's much-anticipated global bond index inclusion unraveled
Inclusion was perceived as a crucial step change for the $1 trillion market.
 "How India's much-anticipated global bond index inclusion unraveled")
Top headlines: Centre to step up borrowing; Adani Group wins big in FY22
India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.
 "Top headlines: Centre to step up borrowing; Adani Group wins big in FY22")
Centre plans to borrow 59% of FY23 debt target in April-September
Estimated at Rs 8.45 trn; full-year borrowing likely at Rs 14.31 trn
 "Centre plans to borrow 59% of FY23 debt target in April-September")
World stocks lose steam, bond markets suggest pain ahead for US economy
Market players said the signals coming from bond markets were at odds with the mood in equity markets
 "World stocks lose steam, bond markets suggest pain ahead for US economy")
US Treasury market pain amplifies worry about liquidity, spooks investors
Investors are concerned about wild price swings in the commodities markets due to the Ukraine crisis and sanctions on Russia.
 "US Treasury market pain amplifies worry about liquidity, spooks investors")