Page 6 - Government Bonds

Govt bonds' JP Morgan index inclusion to boost rupee, help finance CAD: CEA

Fiscal, monetary policies will need to be cognizant of global perceptions and sensitivities, says Nageswaran

Analysts see $25 bn inflow on Indian G-Secs' inclusion into JP Morgan index

Analysts expect the Wall Street major JP Morgan's decision to include the Indian government bonds in its global index from June next year will lead to a direct inflow of USD 20-25 billion in the country's debt market over 18-21 months. JP Morgan, announcing the inclusion earlier in the day, said India will have a maximum weight of 10 per cent in the index eventually and around 8.7 per cent in the emerging market global index. JP Morgan said in a statement on Friday that 73 per cent of investors are in favour the decision. The inclusion will be staggered over a 10-month period from June 28, 2024 to March 31, 2025. "We estimate this implies direct inflows of USD 20-25 billion over the course of the next 18-21 months, but some front-loading of inflows cannot be discounted," Rahul Bajoria, managing director and head of emerging market Asia (ex-China) at Barclays, said in a note on Friday. Japanese brokerage Nomura has pegged the inflows at USD 23.6 billion, which is 10 per cent of the

Rupee and govt bond end steady despite rise in US Treasury yields

The rupee settled at Rs. 83.09 a dollar on Thursday, against Rs. 83.08 per dollar on Wednesday

Attractive returns see retail investors prefer T-bills over govt bonds

Total subscriptions in the primary market surged to Rs 2,736 crore on September 18, from Rs 1,809 crore on April 3

Strong demand at govt bond auction fails to lift secondary market

The Reserve Bank of India set the cut-off yield on the 3-year, 7-year, 14-year, and 30-year bond at 7.16 per cent, 7.17 per cent, 7.23 per cent, and 7.33 per cent, respectively

10-year bond's yield falls during early trade, following US bonds decline

The benchmark 7.26% 2033 bond yield was trading at 7.1611% as of 10:15 a.m. IST, after ending the previous session at 7.1880%

Rupee, govt bonds seen steady as Jerome Powell's remarks factored in

The yield on the benchmark 10-year bond closed at 7.20 per cent on Friday

The weekly government bond auction sees firm demand, say dealers

The cut-off at the auction was better than expected, which weighed on the yields in the secondary market by the end of the trade

Firm demand at auction weighs on yield of on-the-run government bonds

On Friday, the yield on the benchmark 10-year government bond dropped to 7.19 per cent from 7.20 per cent on Thursday

Government bonds and rupee weaken sharply on strong US economic data

The yield on the benchmark 10-year bond rose 4 basis points to settle at 7.16 per cent

NSE explores carbon credit market, introducing electricity derivatives

The National Stock Exchange is exploring opportunities in electricity derivatives and the voluntary carbon credit (VCC) market to deepen its product portfolio as part of its transformation into a multi-asset stock exchange. The world's largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and government bond index, subject to clearance from regulators. "We are evaluating the voluntary carbon credits market. There are only two markets at this time. There are about 26 million voluntary carbon credits available in India as of today, which can be monetised," NSE Chief Business Development Officer Sriram Krishnan told PTI. He was in the city to participate in the Eureka Stock Broking organised Financial Conclave. "We need to figure out how to build a market for these VCCs so that they can find their values. You need to monetise them, and of course, we also need to create a healthy market going forward, because In

RBI may need to buy $18 bn of bonds to replenish banking liquidity: ICICI

India's central bank may buy as much as 1.5 trillion rupees ($18 billion) of government bonds to replenish banking liquidity that's expected to tighten later in the year, according to a top banker.

Yield at state govt bonds auction eases by 16 bps; 4 states raise Rs 6K cr

This is only a third of the indicated amount of about Rs 18,900 crore. Tuesday was the last weekly auction of April 2023

RBI to issue new 5-year bond on April 6, seeks to raise Rs 8,000 cr

The Central government has indicated that it wants to mobilise up to Rs 33,000 cr through auction of three securities maturing in 2028, 2033 and 2052

Benchmark G-sec yields close lower at FY23 end vis-a-vis Dec 2022

Shields banks from adverse impact from bond portfolio

SBI raises Rs 3,717 cr via AT-1 bonds at 8.25% with 10-yr call option

AT-1 coupon rates rise as inflation, US bond selloff sour view on bonds

1-yr, 10-yr govt bond yield curve inverts for first time since May 2015

The benchmark 2032 bond yield has risen only 12 bps during the same period, leading to spread compression and ultimately inversion

G-Sec auction lands on underwriters' books after 5 months; 10-yr yield up

As worries deepen for inflation in India, 10-year yield jumps and swaps reflect more rate hikes

Bonds recoup losses after inflation shock as long-term players step in

Yield on the 10-year benchmark bond closed at 7.37 per cent, versus 7.36 per cent at previous close

Govt bond market likely to see an explosion of new products in FY24

All the state governments now have a significant presence in the bond market, having sharply lowered their dependence on the Centre for borrowing ever since Covid struck