Bonds Market
RBI's decision on cash infusion fuels demand for India's short-term bonds
Reserve Bank of India's unexpected move to release ₹2.5 trillion ($29 billion) starting September may prompt lenders to favour shorter-tenor securities over longer-dated ones
 "RBI's decision on cash infusion fuels demand for India's short-term bonds")
Govt to buyback ₹25,000 crore in bonds via RBI auction on June 5
The government will repurchase select 2026 and 2027 securities via an RBI auction to reduce liabilities and improve the fiscal and debt profile
 "Govt to buyback ₹25,000 crore in bonds via RBI auction on June 5")
Global debt exceeds $100 trillion as interest costs surge, says OECD
Germany's parliament approved a massive plan to boost infrastructure and support a broader European defence spending push this week
 "Global debt exceeds $100 trillion as interest costs surge, says OECD")
Banks' infra bond funding to turn expensive as investors seek high returns
Domestic lenders have raised a record Rs 89,200 crore ($10.26 billion) in this financial year, with some, including State Bank of India, likely to tap this route before the fiscal year ends
 "Banks' infra bond funding to turn expensive as investors seek high returns")
Exim Bank raises $1 bn via 10-year dollar bonds at tightest-ever spreads
Capitalising on strong demand, Exim Bank managed to tighten the final price by 30 basis points from the initial price guidance to achieve pricing of UST10+100 basis points
 "Exim Bank raises $1 bn via 10-year dollar bonds at tightest-ever spreads")
Govt 10-year bond yield inches marginally higher as currency slide pinches
The Indian rupee plunged against the US dollar on Friday, ending at a record low of 85.53, posting a slump of 0.3 per cent - the biggest for a single session in nearly seven months
 "Govt 10-year bond yield inches marginally higher as currency slide pinches")
India bond yields seen rising ahead of debt supply, US yields stay high
Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent
National Housing Bank raises Rs 3,830 cr through 10-year bonds at 7.14%
NHB received bids worth Rs 4,950 crore at a coupon of 7.16 per cent and Rs 4,310 crore at a coupon of 7.15 per cent
India bond yields marginally higher, traders await debt supply via auction
Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool
Bond sales likely to surge in next year on higher debt repayments
Sales in the fiscal year starting April 1, 2025, are likely to be higher on redemption of debt issued during the Covid years
India moves green bonds worth $1.2 billion to index-tracking menu
The announcement comes just three months after India imposed controls on foreign ownership of some newly issued bonds with 14-year and 30-year tenors
 "India moves green bonds worth $1.2 billion to index-tracking menu")
Govt repurchases Rs 24,453 crore worth of bonds through buyback auction
The demand at the auction was better than in previous buyback auctions conducted by the RBI in the current financial year
 "Govt repurchases Rs 24,453 crore worth of bonds through buyback auction")
Govt bond yields set to rise ahead of over $4 billion state debt sale
The benchmark 10-year yield is likely to move between 6.84 per cent and 6.87 per cent
 "Govt bond yields set to rise ahead of over $4 billion state debt sale")
Huge profits made by investors on catastrophe bonds raising eyebrows
Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster coverage, have been handing investors double-digit returns
 "Huge profits made by investors on catastrophe bonds raising eyebrows")
Govt bond yields may ease tracking US peers, market eyes fresh cues
Traders will, however, watch out for minutes from the latest policy meetings of Fed and Reserve Bank of India
India bond yields seen lower in early trading as US peers nosedive
US Treasury yields nosedived on Friday after data showed the world's largest economy created fewer jobs than expected in July and the unemployment rate rose, boosting bets of aggressive rate cuts
 "India bond yields seen lower in early trading as US peers nosedive")
Foreign banks' 2024 Indian bond purchases hit record high, exceeds $16 bn
The persistent purchases by foreign participants will reduce the pressure on local banks to absorb supply
 "Foreign banks' 2024 Indian bond purchases hit record high, exceeds $16 bn")
RBI to keep popular govt bond tenors free of foreign investment curbs
The decision on exclusions from the FAR category is not based on any consideration of volatility
 "RBI to keep popular govt bond tenors free of foreign investment curbs")
Bank of Maharashtra likely to issue maiden infra bonds to raise Rs 3,000 cr
Earlier this month, the bank had raised Rs 1,000 cr via Basel III compliant tier II bonds maturing in 10 years at a coupon of 7.89 per cent
 "Bank of Maharashtra likely to issue maiden infra bonds to raise Rs 3,000 cr")
India likely to amend rules to check hot flows on bond index entry
Central bank has designated class of bonds that can have full foreign ownership, JPMorgan Chase & Co. has included securities from this set of bonds into its emerging markets index that India joined
 "India likely to amend rules to check hot flows on bond index entry")
