Page 11 - India Bond Market
Govt bond for Rs 33,000 crore sails through as RBI accepts bids
Signals central bank's comfort with yields
 "Govt bond for Rs 33,000 crore sails through as RBI accepts bids")
Govt asks RBI to lower bond yields as inflation risks spiral: Report
The government's request could complicate the RBI's policy of withdrawing liquidity from the market, which marks a shift away from an ultra-loose monetary stance.
 "Govt asks RBI to lower bond yields as inflation risks spiral: Report")
Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers
India's benchmark 10-year bond yield was at 6.83% at 0555 GMT, after earlier rising to 6.85%, its highest since Feb. 4
 "Indian 10-year bond yield at 1-month high tracking global crude, U.S. peers")
India bonds, rupee fall on week as geopolitical tensions weigh
India's benchmark 10-year bond yield ended at 6.75%, down 1 basis point from its previous close but yields on the week were up 9 basis points
 "India bonds, rupee fall on week as geopolitical tensions weigh")
Huge market available for surety bonds in India: NHAI member Manoj Kumar
National Highways Authority of India (NHAI) member Manoj Kumar said a huge market is available for surety bonds in the country
 "Huge market available for surety bonds in India: NHAI member Manoj Kumar")
Why investors fleeing Chinese property market see India as an opportunity
Rising inflation means there have still been losses for broader Asian bonds-- as there have been in many parts of credit markets globally -- but they've been much milder
 "Why investors fleeing Chinese property market see India as an opportunity")
In landmark reform for foreign fund, India to open $1 trn govt bond market
Policy makers have spent months preparing to join global indexes, key benchmarks that increasingly determine how large asset managers allocate their capital
 "In landmark reform for foreign fund, India to open $1 trn govt bond market")
India 10-yr yield sees biggest weekly rise in 6 months; rupee gains
US Treasury yields on most maturities rose overnight as investors prepared for an earlier-than-expected interest rate hike
 "India 10-yr yield sees biggest weekly rise in 6 months; rupee gains")
India 10-year yield at 2-year high; rupee weakens after Fed minutes
The benchmark 10-year bond yield was trading at 6.54%, after touching 6.55% in early trade, its highest since Jan. 31, 2020
Shorter-tenor bonds poised to extend losses amid hawkish RBI bets
Rates on notes with maturities of up to two years climbed in recent weeks as the central bank expanded its efforts to remove excess liquidity from the banking system
 "Shorter-tenor bonds poised to extend losses amid hawkish RBI bets")
Will RBI's Retail Direct scheme spur retail investor interest in bonds?
The RBI has launched RBI-RD, allowing retail investors to directly invest in govt securities. Will this make the bond market exciting for retail investors? Analysts seem cautious
 "Will RBI's Retail Direct scheme spur retail investor interest in bonds?")
With yields hardening, its best to opt for shorter-duration funds
Shorter-maturity bonds in these funds get reinvested at higher coupon rates
For Indian junk bonds, it's love in the time of China's Evergrande crisis
For investors wary of China, looking at India makes sense but the extra dollars arrive with a cost.
 "For Indian junk bonds, it's love in the time of China's Evergrande crisis")
India's inclusion in global bond may attract $170 to $250 bn in inflows
Morgan Stanley said on Thursday it expects India to be included in global bond indices in early 2022 and the index inclusion will attract USD170 to 250 billion in bond inflows in the next decade
 "India's inclusion in global bond may attract $170 to $250 bn in inflows")
A surprise bond rally sweeps over India as global funds pile in
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by a Reserve Bank of India policy review held on August 6
 "A surprise bond rally sweeps over India as global funds pile in")
HDFC Bank exec says RBI MPC disagreement is no reason to flee market
Investors shouldn't worry about surprise losses and can keep their positions for now
 "HDFC Bank exec says RBI MPC disagreement is no reason to flee market")
Buying shorter debt is now a hot trade in India's bond market
Rising inflation is constraining the central bank from easing further even as the economy remains vulnerable following a deadly wave of coronavirus infections.
 "Buying shorter debt is now a hot trade in India's bond market")
Sovereign Gold Bond Scheme IV: Issue price fixed at Rs 4,807 per gram
The issue price for Series III, which was open for subscription during May 31 to June 4, 2021, was Rs 4,889/gm.
 "Sovereign Gold Bond Scheme IV: Issue price fixed at Rs 4,807 per gram")
IIFL Home Finance to raise up to Rs 1,000 crore through bond issue
The tranche 1 issue includes a base issue size of Rs 100 crore and a greenshoe option of Rs 900 crore aggregating up to Rs 1,000 crore.
 "IIFL Home Finance to raise up to Rs 1,000 crore through bond issue")
Mahindra Finance raises Rs 225 crore through bond issuance
Mahindra Finance on Thursday announced raising up to Rs 225 crore by issuing bonds. A meeting of the duly authorised committee was held on June 24, 2021, approving the allotment of 2,250 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 225 crore, Mahindra & Mahindra Financial Services (Mahindra Finance) said in a regulatory filing. The date of allotment of bonds is June 24, 2021 and they are set to mature on June 24, 2026, The five-year tenure bonds carry coupon rate of 6.35 per cent per annum. Mahindra Finance stock traded 0.61 per cent lower at Rs 155.60 apiece on the BSE.