India Bond Market

Warning signs from India's bond market and why they're miffed

Since the start of the West Asia crisis, 10Y sovereign yields have risen by more than 50 bps across several advanced and emerging markets, including Japan, UK, US, Canada, Italy, Spain and South Korea

Inflation-fisc trade-off is likely to keep bond yields high for now

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

Bond yields, oil shock rattle markets; can India withstand macro headwinds?

Despite the strong macro headwinds, the stock market has been reasonably stable, supported mainly by domestic investment. Since the market valuations are fair now, a sharp correction appears unlikely.

RBI raises trading targets for dealers to improve bond market liquidity

The move underscores the RBI's push to deepen liquidity in sovereign debt, a priority that Governor Sanjay Malhotra highlighted this month

Rate hike in CY26? Why SBI MF's Rajeev Radhakrishnan thinks tide could turn

Radhakrishnan said a persistent supply shock accompanied by a weaker currency can negatively impact inflation and fiscal direction, given the likelihood of higher subsidy requirements

CCIL working on bond forward window; rollout likely this quarter

CCIL's proposed platform aims to shift OTC bond forward trades to central clearing, enhancing transparency, risk management, and participation in a Rs 4 trillion market

Bond market softens as RBI to withdraw cash in first move this year

The 10-year benchmark yield rose as much 4 basis points to 7 per cent after the Reserve Bank of India announced plans to withdraw liquidity of up to ₹2 trillion ($21.6 billion)

Capri Global to raise ₹500 cr via bonds, shift focus to debt markets: MD

The non-banking finance company will issue bonds with maturities of two, three, five and 10 years

RBI adopts calibrated approach to liquidity management amid tax outflows

The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions

Govt should amend SMC Bill to unify regulation of the corporate bond market

To facilitate retail participation in G-Secs, RBI came out in November 2021 with a scheme for direct retail participation in G-Secs through its own depository system and the NDS-OM trading platform

Govt bond yields harden by 4 bps after RBI MPC keeps policy rate unchanged

The 10-year benchmark yield rose to 6.69 per cent after the MPC held rates steady and the RBI refrained from announcing fresh OMOs, despite market expectations

India to ensure record borrowing plan doesn't disrupt markets: Official

India's bond markets have been battered by hefty government borrowings, with investors expecting a record ₹30 trillion of federal and state government debt supply in the next fiscal

India 10-yr bond yields jump to 1-yr high on record borrowing plan in FY27

Union Finance Minister Nirmala Sitharaman on Sunday announced a larger-than-expected gross market borrowing via dated securities of ₹17.2 trillion for FY27

Budget 2026 keeps fiscal discipline intact; bond market faces supply stress

The tough position that the bond market finds itself reflects a much more fundamental issue, of rising government bond supply chasing limited domestic savings pool

Reserve Bank of India moves OMO dates forward as 10-year yield hits 6.72%

10-year bond yield at 6.72%, highest since March 2025

Six states to borrow nearly Rs 13,000 crore through bonds on Tuesday

States had borrowed Rs 5 trillion through state bonds in the first half of FY26, with Q2 issuances marginally exceeding the indicative borrowing calendar, the first such instance in seven quarters

Govt bond yields harden on large SDL supply, softer OMO cut-off

The yield on the benchmark 10-year government bond settled at 6.64 per cent, against the previous close of 6.60 per cent

Foreign investors dump record Indian bonds as weak rupee erodes returns

The selling comes as the rupee tested a series of record lows against the dollar this month, eroding returns for foreigners

Indian states, PSUs test demand with $5.5 billion cluster of debt sales

States are aiming to raise more than ₹33,200 crore, 25 per cent higher than the planned calendar, while Power Finance Corp is eyeing ₹6,000 crore and Bank of India plans to raise ₹10,000 crore

CEA flags bond market skew, calls for wider access for mid-sized firms

Chief Economic Advisor V Anantha Nageswaran on Friday flagged the concentration of large and well-rated companies in the bond market for raising funds, and said there is a need to enable mid-sized firms to access markets "systematically and affordably". There is also a need to increase liquidity in the markets, and investors need to shed the tendency of holding papers till maturity, Nageswaran said. The "double-engine" of bond markets and bank funding will help provide the required financial support for a growing economy like India going forward, he said. Amid wider calls for self-reliance in the economic sphere, the academician-turned-policymaker made it clear that domestic money should "anchor" the funding in the Indian debt markets, and foreign flows should "complement" it. "The challenge today is not the absence of a debt market but its concentration. Large and highly rated firms raise capital with ease. The task ahead is to enable mid-sized corporates, infrastructure SPVs, sup