When JPMorgan announced in September 2023 that Indian bonds would be phased into the index starting June 28, 2024
The recent slowdown was a "mid-cycle correction", and the central bank's policy support has laid the groundwork for growth to return to its long-term trend
The yield on the five-year note has declined more than 50 basis points since April 1, outpacing the 33 basis-point decline on the 10-year note
Indian states raised Rs 722.55 billion ($8.43 billion) through a sale of bonds, the biggest amount ever to be borrowed via a single auction
Foreigners bought $1.8 billion of rupee bonds this month so far, already higher than any monthly total since September
After its first easing in five years last month, the Reserve Bank of India may deliver another 25 basis points cut in April, followed by at least one more reduction this year
Domestic lenders have raised a record Rs 89,200 crore ($10.26 billion) in this financial year, with some, including State Bank of India, likely to tap this route before the fiscal year ends
Despite the doubling in the government's debt sales since the pandemic, robust demand from long-term investors, like pension funds and insurance companies, has helped absorb supply
The 10-year yield is expected to drop to 6.50 per cent by the end of the year, as per the Bloomberg poll, suggesting over 17 basis points easing from the current levels
US yields surged while the slower pace of rise of Indian yields led to a tighter spread or the interest rate gap between the two countries
RBI's rate cuts anticipated from early next year on slowing economic growth, continued index-inclusion-related foreign inflows and strong demand from local pension and insurance companies
Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent
Given the volatility expected over the short-term horizon, we cannot imagine that we will receive any major inflows over the next two months, they added
Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool
The Fed cut interest rate by 25 basis points on Thursday, as widely expected, amid a cooling labour market, while noting that economic growth remained solid
The announcement comes just three months after India imposed controls on foreign ownership of some newly issued bonds with 14-year and 30-year tenors
Overseas investors sold Rs 2,800 crore ($333 million) of the so-called Fully Accessible Route bonds in October, according to Clearing Corporation of India Ltd. data.
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
Global funds last week sold Rs 870 crore ($104 million) of the so-called Fully Accessible Route bonds