The FTSE announcement is an acknowledgment of India's efforts to liberalize its sovereign bond market
None can question the central bank's policy of leaning against the rising yield but the problem is with the way it is being done
The centre and state governments likely to reduce taxes to bring down high fuel prices
The selloff has even engulfed Europe
Unification of government bond and corporate bond markets will enable the trading of such securities on the same platform, said Sebi chairman Ajay Tyagi
Shorter-duration funds will benefit from being able to reinvest at regular intervals
A rise in sovereign bond yields means a rise in the interest rate in the economy
RBI must be mindful of inflation risks of higher borrowing
Despite near record low interest rates, the pricing of state government bonds skyrocketted to an 11-month high of 7.19 per cent, at the latest auction of Rs 23,806 crore market borrowings on Tuesday
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
The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold
Holding instrument till maturity could help in tackling volatility
Normally, the market eats out of the RBI Governor's hands but the size of the govt borrowing is killing its risk appetite
The S&P BSE Sensex advanced 1.9% since Monday, completing a 10th consecutive week of gains
The three-part deal also consisted of a 2 billion euro 10-year bond priced at 55 bps over the mid-swap rate
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%
The weighted average cut-off for the 10-year SDLs eased by a sharper 26 bps to 6.63 per cent on October 13, 2020 over the previous weekly auction
Says it is comfortable with a rising rupee, which helps bring down import-led inflation, adds that it remains "committed to ensuring comfortable liquidity and financing conditions in the economy"
The bond will be available at State Bank of India and other nationalised banks, as well as four private sector banks, the RBI said in a statement
A steep yield curve has been followed by a bull run in equities on a couple of occasions in the past