Page 4 - Government Securities

Statsguru: Six charts explain India's entry into global bond indices

Foreign investors held a smaller share of government securities as of September than they did in March

SBI sells largest AT-1 tranche at lowest rate for any bank so far this year

The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.

'JP Morgan may include G-Secs in global bond index as early as next week'

Even though the government is yet to make up its mind on inclusion of G-Secs (Government Securities) in global bond indices, Wall Street brokerage Morgan Stanley expects indices major JP Morgan to make an announcement in this regard as early as next week. On Monday finance minister Nirmala Sitharaman told an industry gathering that the 2020 budget proposal on allowing bond inclusion in international indices could not move forward as the fund flows did not meet the desired levels, due to many reasons including the Covid pandemic. Without offering any details like a timeline or the tax and stamp duty breaks that investors were demanding, Sitharaman said: "I don't know whether we're holding it back or not. I think global situation changed a lot since I made that statement in the 2020 budget. "Global fund flows have not been as big as we wanted it to be primarily due to other reasons. So it'll come to its natural, logical conclusion soon." According to the RBI data, G-Secs outstanding

Time to diversify debt investment; Rs to stay under pressure: Sandeep Yadav

The higher yields have provided a good entry point for debt investors after years of low yields

Securitisation volumes jump 70% to Rs 35,000 cr in Q1: CRISIL report

The Reserve Bank of India defines securitisation as transactions where credit risks in assets are redistributed by repackaging them into tradable securities

Banks may incur Rs 13,000 cr MTM losses in Q1 on rising bond yields: Icra

State-owned lenders, which hold large quantities if G-Secs, to face brunt of yield spike

Hardening yields to buoy debt MFs, experts recommend short-term maturities

Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts

10-year G-Sec touches 7.5% ahead of RBI's monetary policy review

The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers

RBI policy statement: Revisiting the saga of 'The Bold and The Beautiful'

The RBI has also proposed to allow interoperability in cardless cash withdrawal transactions at all banks and ATMs using the UPI facility

Budgetary provisions done, no more G-sec switch in FY22: RBI

Market participants say this means comfortable cash position govt's which is also reflected in cancellation of bond auction twice in this month

Decision on issuance of green bonds next month, says RBI Governor

The Budget had indicated that green bonds are part of the overall borrowing for the next financial year

Pay heed to residual maturity in secondary market bond buys: Experts

Avoid longer-duration bonds; if you buy them, hold till maturity

Govt cancels auction of all securities scheduled for 11 Feb as yields spike

The government said it had decided to cancel the auction post review of cash position

Rising yields boost appeal of low tenure debt funds, say experts

On Wednesday, the yield of 10-year G-Sec was trading at 6.88 per cent

10-year G-Sec, repo spread reaches decadal high; market expects inflation

The current differential or spread is nearly three times the average spread in the last 10 years.

Lock in interest rates for up to 40 years with G-Secs under new RBI scheme

But avoid taking interest-rate risk in these instruments which will now become easily accessible through the RBI's Retail Direct Scheme

RBI's 'Retail Direct Scheme' receives healthy response

The scheme was launched by Prime Minister Narendra Modi on Friday

Monetary policy review: Liquidity step was needed, say bond dealers

The RBI stopped the Government Securities Acquisition Programme (G-SAP), through which it has infused Rs 2.2 trillion of liquidity in the system

RBI-speak: Don't want to rock the boat when shore is visible, says Das

'We have flagged the issue of fuel (taxes). Now, it is for the government to make a decision'

RBI to conduct open market purchase, sale of G-secs on Thursday

The Reserve Bank on Monday said it will conduct an open market purchase of government securities aggregating to Rs 15,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on September 23. On a review of current liquidity conditions, the central bank also decided to conduct a simultaneous sale of government securities under open market operations (OMO) for an aggregate amount of Rs 15,000 crore on the same day. In a statement, the RBI said it will purchase three government securities of different maturity dates amounting to Rs 15,000 crore. It will also sell three government securities amounting to Rs 15,000 on September 23. The central bank further said it reserves the right to decide on the quantum of purchase and sale of individual securities. The result of the auctions will be announced on the same day.