Indian government bond yields hit a 10-month high as rising US Treasury yields and cautious sentiment kept pressure on the domestic debt market
India's benchmark 10-year government bond yield rose to a 10-month high of 6.68% amid rising US Treasury yields, while markets await cues from the state bond auction
The yield on the benchmark 10-year government bond settled at 6.64 per cent, against the previous close of 6.60 per cent
The 10-year benchmark government bond yield has risen 14 bps since the RBI's 25 bps repo rate cut, as traders price in the move as the last of the cycle and foreign investors unwind positions
The govt's weekly bond auction saw strong demand with yields aligning to expectations, while the rupee recorded its weakest month since July amid dollar demand and cautious market sentiment
RBI's borrowing calendar extends weekly issuances into March and trims ultra-long supply, with the 10-year yield expected to open below 6.50 per cent on Monday
Market participants said that the yield on the benchmark 10-year bond might rise to 6.58-6.60 per cent during the next week
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The five-year bond is also trading 15 bps below the policy repo rate of 6 per cent, the deepest inversion in 11 years
Foreign investors continued to pour money into government securities under the Fully Accessible Route (FAR), with net inflows reaching ₹8,560 crore this week
The 10-year bond yield ended at 6.7206 per cent , compared with the previous close of 6.7341 per cent
The benchmark 10-year bond yield ended at 6.7465 per cent, compared with the previous close of 6.7588 per cent
Prasanna expects a shallow monetary easing cycle of 50 basis points, with a 25-basis-point reduction in February, and a similar one in April or June
Malhotra's appointment comes as economic growth has slowed and inflation has risen
The new scheme, likely to be backed by Nabfid, aims to offer retail investors an alternative savings route to equity markets
The 10-year US Treasury yield dropped six basis points in Asia trading, after US President-elect Donald Trump tapped prominent investor Scott Bessent for the position of US Treasury secretary
Market participants said that the demand for ultra-long government securities will continue given the favourable demand-supply dynamic
The benchmark 10-year yield ended at 6.8637 per cent, compared with its previous close of 6.8605 per cent
Since September, when India's inclusion in the JPMorgan index was announced, foreigners have invested a net amount of $12.7 billion