India's financial markets were jolted Tuesday as results showed Modi's party losing its majority in parliament, an outcome that Moody's Ratings said may delay more far-reaching economic reforms
Fiscal discipline has been a hallmark of Modi's decade-long administration, and many investors were expecting him to win a supermajority to reduce the budget deficit
New Delhi will raise Rs 29,000 crore ($3.48 billion) through the sale of bonds later in the day and the auction includes a new five-year paper worth Rs 12,000 crore
Our top stop stories this week tell you about the pros and cons of government securities and what investors must know about compounding
India's benchmark 10-year yield is likely to move in a 7.00 per cent -7.04 per cent range, following its previous close of 7.0129 per cent, a trader with a state-run bank said
The yield on benchmark 10-year bond was little changed at 7.09 per cent on Tuesday
Since the maiden issuance of the bond on April 8, the bond has seen a total issuance of Rs 60,000 crore across three auctions
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The benchmark 10-year yield is likely to move in the 7.09-7.14% range, following its previous close of 7.1067%
Barclays forecasts retail inflation for May at 5.0%
The US Treasury yields slipped on Thursday ahead of inflation reports that are pivotal for the Federal Reserve's higher-for-longer rate strategy
Most of the funds were picked up by state-owned banks and insurance companies, said market participants
Yields declined on Monday tracking a drop in US yields, as traders turned optimistic on the Federal Reserve's rate cuts during the year after weaker-than-expected April nonfarm payrolls data
The benchmark 10-year yield ended at 7.1284%, following its previous close of 7.1068%, the lowest since April 10
Bond yields declined at the start of the week, as the government announced a surprise buyback of bonds worth Rs 40,000 crore ($4.79 billion)
The securities offered for buyback are 6.18% GS 2024, 9.15% GS 2024 and 6.89% GS 2025, the Reserve Bank of India said in a statement
The benchmark 10-year yield was at 7.1620% as of 10:00 a.m. IST, following its previous close of 7.1598%
The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%
The benchmark 10-year Indian yield is likely to trade in a 7.16 per cent-7.21 per cent range, following its previous close at 7.1870 per cent, a trader with a primary dealership said
Bond yields declined in the first two days of the week, before giving up some of the fall on Wednesday, as oil prices and US yields continued to be around levels where a further upside is possible