New Delhi aims to raise Rs 32,000 crore ($3.81 billion), which includes Rs 22,000 crore of the new 6.79 per cent 2034 bond that will replace the existing benchmark note soon
Indian bonds have attracted $15.7 billion of inflows this year, the most in Asia behind China, South Korea and Japan, data compiled by Bloomberg show
The benchmark 10-year yield ended at 6.8339%, the highest since Sept. 12, compared with its previous close of 6.7765%. On a weekly basis, the yield rose seven basis points
Traders will also focus on fresh debt supply, while also remaining cautious after rise in US Treasury yields
The benchmark 10-year yield is likely to move between 6.75 per cent and 6.78 per cent on Monday
The Federal Reserve began its easing cycle with a somewhat unexpected 50 basis point rate cut, implicitly acknowledging that rates may have been held too high for too long
This issuance follows a similar Rs 7,500 crore bond offering on August 28 at a slightly higher coupon rate of 7.42 per cent, a 9-basis point difference
Market participants said that the demand for ultra-long government securities will continue given the favourable demand-supply dynamic
Markets are fully pricing in a rate cut of at least 25 basis points at the Fed's mid-September meeting
The benchmark 10-year yield is likely to move between 6.84 per cent and 6.87 per cent
Market participants expect the benchmark yield to open around 6.85 per cent on Tuesday
The RBI typically sells or buys bonds to adjust banking system liquidity and rates in the market to align with monetary policy
China should quicken fiscal spending and policymakers should shift their stance from prioritising investment over consumption, said Huang
The decision on exclusions from the FAR category is not based on any consideration of volatility
New Delhi also forecast a narrower fiscal deficit of 4.9 per cent of gross domestic product, versus 5.1 per cent in the interim spending plan
Investors have raised bets that former President Donald Trump may out beat US President Joe Biden at the elections due in November, especially after last week's debate
Indian government bonds enter JP Morgan's GBI-EM Index, expected to attract $30 billion in inflows
India inclusion in JP Morgan Bond Index: The inclusion process will begin on June 28, 2024 and will be completed over a period of 10 months, till March 2025
Category has lower share than before among rated instruments
Foreign banks also stepped up purchases of bonds last week ahead of the inclusion, and is expected to continue this week as well