Page 4 - Indian Bond Market
Bond traders pin hopes on dovish RBI pivot to extend Budget rally
Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June
 "Bond traders pin hopes on dovish RBI pivot to extend Budget rally")
How India's stock and bond markets are turning into an inexorable force
Overseas investors will still have to contend with government policies that benefit from Russia's invasion of Ukraine, especially the purchase of Russian oil at discounted prices
 "How India's stock and bond markets are turning into an inexorable force")
SBI likely to issue perpetual bonds to wrap up FY borrowing: Report
Merchant bankers said the lender may have to pay a higher coupon as they are looking to raise a larger quantum this time
 "SBI likely to issue perpetual bonds to wrap up FY borrowing: Report")
Stars align for Indian sovereign bonds after first yearly gain since 2020
The benchmark 10-year sovereign yield fell 15 basis points last year, the most in three years.
 "Stars align for Indian sovereign bonds after first yearly gain since 2020")
India bonds finally at global high table with JPMorgan index inclusion
The decision sets the stage for billions of dollars of inflows just when the bond market is straining under record government borrowings
 "India bonds finally at global high table with JPMorgan index inclusion")
Indian bonds in global markets
Increasing foreign presence in the debt market will release the pressure on our banks and free up money for lending since demand for loans is far higher than deposit mobilisation
 "Indian bonds in global markets")
JP Morgan boost: PNB Gilts zooms 20%, hits 52-week high on heavy volumes
A combined 27.85 million shares, representing nearly 60 per cent of free-float equity of PNB Gilts, have so far changed hands on the NSE and BSE
 "JP Morgan boost: PNB Gilts zooms 20%, hits 52-week high on heavy volumes")
After JP Morgan, Bloomberg index may add India; analysts eye $20 bn inflow
Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot
 "After JP Morgan, Bloomberg index may add India; analysts eye $20 bn inflow")
Early bond recall: Notify each holder
The National Commission ruled that public notices weren't sufficient. To avoid liability, the bank must send individual notifications and produce proof of having served them
 "Early bond recall: Notify each holder")
ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales
ICICI likely to issue long-term bonds, Axis mulls infra bond sale
 "ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales")
Despite buoyancy in market, stock trading activity declines in October
Cash market turnover fell almost 20% in October as rally take traders by surprise
 "Despite buoyancy in market, stock trading activity declines in October")
Bond yields post first weekly drop in seven as US yields fall sharply
The benchmark Indian 10-year government bond yield ended at 7.4161% after closing at 7.4117% on Thursday
 "Bond yields post first weekly drop in seven as US yields fall sharply")
Average cut-off yield spikes by 12 bps to 7.84% at state bond action
Dealers said Bengal and UP raised amounts via bonds with 15-17 year maturity and cut-off yield above 7.9%; pricing likely to remain under pressure in near term
 "Average cut-off yield spikes by 12 bps to 7.84% at state bond action")
Will Indian bond markets succumb to the global sell-off?
Bull market in global bonds has come to an end. As strong labour markets in the US suggest more rate hikes, will Indian bonds break under the mounting global pressure? Let's find out
 "Will Indian bond markets succumb to the global sell-off?")
India, Indonesia debt outperforms China despite volatile global markets
The two countries' sovereign debt only lost 0.4% and 1.5% respectively for dollar-based investors in the third quarter, less than other emerging markets in Asia including China
 "India, Indonesia debt outperforms China despite volatile global markets")
Small portfolio investors cold to India's inclusion in global bond indices
If India is included in the global bond indices, it could ensure potential inflows of up to $30 billion into Indian fixed-income securities
 "Small portfolio investors cold to India's inclusion in global bond indices")
Indian bonds' inclusion in global indices unlikely this yr: HSBC strategist
Yields on Indian government bonds are expected to remain in a narrow range this year as an inclusion of domestic bonds in global indexes may not materialise in 2022, a rates strategist with HSBC said
What could India's inclusion into major global bond indices mean?
The possibility of India being included in global bond indexes this year has led to increased buying in a set of local securities
 "What could India's inclusion into major global bond indices mean?")
Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up
Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.
 "Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up")
As rupee falls, spread between India and US bond yields tightens
A narrower spread makes it less attractive for foreigners to invest in rupee assets
 "As rupee falls, spread between India and US bond yields tightens")