Central bank governor welcomes blockchain tech, but voices major concerns on cryptocurrency
A rise in sovereign bond yields means a rise in the interest rate in the economy
The 10-year bond yields continued to rise for the fourth straight session to close at 6.202 per cent from its previous close of 6.135 per cent
An SBI Ecowrap report noted that while going short or long are typical market activities that aid in price discovery, at times, they can also result in price distortions, as it might be happening now
The massive spike in 2021-22 borrowing target has led to a 31 basis points rally in benchmark bond yields, a report said
Meanwhile, Bitcoin hit a record high on Sunday
The 10-year and 30-year US Treasury finished at 1.34 per cent and 2.13 per cent, respectively, last week
Global debt today stands at $281 trillion
The gap between 10-year and two-year U.S. yields also reached its widest in nearly three years
Apex bank buys nearly Rs 15,000 cr in just the 10-year bonds out of four securities scheduled in the OMO. It may have also intervened in the market
State development loan yields are rising in tandem with Centre's bond yield
Central bank will sell Rs 11,000 cr each of 10-yr and 5-yr bonds on Thursday; Govt has kept Rs 2,000 cr green shoe in each; on Friday, RBI will auction Rs 26,000 cr of bonds as per prior plan
This would indicate that the Reserve Bank is moving towards a new equilibrium for yields, something Governor Shaktikanta Das considers as a "public good"
Rise in interest rates could hit corporate earnings, hinder economic recovery
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday
Higher inflation tolerance will increase risks
Lowest cut-off yield offered for Karnataka's 9-year bond at 6.4746%, highest for Jammu & Kashmir's 10-year SDL at 6.6813%
While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation
Central bank had planned to buy up to Rs 100 billion ($1.35 billion) worth of six-year to 11-year papers at an open market operation.
As challenges mount, the central bank will need to strike a fine balance between managing the rupee, domestic liquidity and fiscal financing