Benchmark 10-year yield falls as crude prices ease on ceasefire reports; rupee gains on dollar sales but trims early rise amid importer demand and geopolitical caution
FY27 growth projection seen 6.5-7%; Inflation 4-4.9%
Markets face risk of a prolonged bear phase as oil shocks and geopolitical tensions test inflation, growth, and investor confidence globally
Corporate bond issuances likely to remain subdued in FY27 as elevated yields, inflation risks and liquidity conditions weigh on fundraising activity and investor appetite
Government bond yields climbed as crude oil and US Treasury yields rose, while improved liquidity conditions pushed overnight rates below the policy repo rate
Government bond yields are expected to remain elevated, with the benchmark 10-year yield likely to test 7.25 per cent amid oil price pressures and heavy supply
RBI's bond purchases and switch operations are helping banks cushion treasury losses in Q4 despite rising yields driven by global volatility and the West Asia crisis
Government borrowing for H1FY27 is lower than market expectations, which may support bond prices and lead to a modest softening in yields in the near term
Central bank rejects all bids at weekly auction, aiming to avoid signalling higher yields and support liquidity ahead of financial year-end
The rupee strengthened after three days of losses on easing crude and dollar index, while bond yields hardened on higher-than-expected SDL auction cut-offs
Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. "Bond yields are rising in response to crude oil prices climbing above USD 110 amid escalating tensions between the US-Israel and Iran. Foreign institutional investors who were net buyers of government bonds in January and February, have also turned net sellers in March," said Mataprasad Pandey, vice-president at Arete Capital (Choice Group). He added that higher crude prices are not only fuelling inflation concerns but also putting pressure on India's trade and current account balances, which is a big negative for the already depreciating rupee moving towards 94. "These factors not only dampe
Ten-year yields rose 11 basis points to 4.39 per cent, extending their rise since hostilities began to 44 basis points
Derivatives linked to state debt are gaining momentum as the yield gap between provincial and benchmark notes widens to a multi-year high
India's corporate bond market has seen subdued activity amid global uncertainty and rising yields, with issuers deferring borrowings and FY26 issuances trailing last year's levels
The rupee strengthened and bond yields eased as crude oil prices fell sharply from recent highs, improving market sentiment and boosting demand for government securities
The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions
The rupee slid to a new low of 92.30 per dollar as tensions in West Asia drove crude higher, before recovering after RBI sold dollars and bought bonds to curb volatility
Large transfers and bond buys by the Reserve Bank of India have supported fiscal maths and liquidity; sustaining this when inflation or capital flows shift may prove harder
Even as bond yields eased after the policy review, supply pressure and limited relief from switches mean the 10-year yield is expected to stay firm through Q4, with cuts or liquidity support unlikely
Despite easing after the policy review, government bond yields are expected to stay elevated in Q4 as supply pressure persists, debt switches offer limited relief and liquidity support appears unlikel