Page 7 - Indian Bonds
Indian bonds gain, rupee weakens to 1-month low on risk aversion
The partially convertible rupee was trading at 74.11/12 per dollar, as of 0622 GMT, after touching 74.1875, its weakest since Aug. 27. The pair had closed at 74.04 on Tuesday
 "Indian bonds gain, rupee weakens to 1-month low on risk aversion")
Indian bond yields spike to near 4-month highs; crude surge hurts
The most-traded 6.64% 2035 bond was up 6 basis points at 6.79%
 "Indian bond yields spike to near 4-month highs; crude surge hurts")
Negative yield quoted for first time on Indian bond thanks to error
A bank placed a wrong price quote, which led to a negative yield as the paper was nearing maturity
 "Negative yield quoted for first time on Indian bond thanks to error")
A few things the RBI should be mindful of before issuing own bonds
Another discretionary tool to manage liquidity may be a timely one
 "A few things the RBI should be mindful of before issuing own bonds")
Bond investors see RBI curbing yields as India looks to sell $3.6 bn bonds
The bond auctions Thursday drew lower-than-expected cutoff yields, including 5.9726% on the benchmark 10-year note, compared with 6.03% estimated in a Bloomberg News survey
 "Bond investors see RBI curbing yields as India looks to sell $3.6 bn bonds")
Bonds in India head for losses on PM Modi's near-record borrowing plan
The relentless supply of sovereign debt has been the biggest hurdle for Indian bonds this fiscal year, as pandemic relief efforts took precedence
 "Bonds in India head for losses on PM Modi's near-record borrowing plan")
Tide turning for bonds after RBI's liquidity bonanza, signs of recovery
The expectations are for the 10-year yield to drop further to 5.75%, a level last seen in July, according to a median estimate of 15 traders surveyed by Bloomberg
 "Tide turning for bonds after RBI's liquidity bonanza, signs of recovery")
HNIs, family offices buy corporate bonds at high yields, reap benefits
The yields of some prominent companies are still at very high levels and high net-worth individuals and family offices, who are lapping up these bonds at very attractive rates, are reaping the benefit
 "HNIs, family offices buy corporate bonds at high yields, reap benefits")
Indian bond yields fall to over one-week low after special OMO announcement
Seven Indian states are due to sell at least Rs 90 billion worth of debt later in the day with a greenshoe option to retain an additional 30 Rs billion
 "Indian bond yields fall to over one-week low after special OMO announcement")
Sovereign Indian bonds reverse losses on talk of help from RBI
Yields on 10-year bonds slid as much as eight basis points to to 6.08 per cent after surging by as much as 12 basis points earlier.
 "Sovereign Indian bonds reverse losses on talk of help from RBI")
Indian bonds gain as Federal Reserve move raises RBI rate-cut hopes
The benchmark 10-year Indian bond yield dropped 8 basis points (bps) to 6.26%
 "Indian bonds gain as Federal Reserve move raises RBI rate-cut hopes")
Special-series bonds could be over 10% of FY21 gross borrowing target
Amount of debut issue and subsequent tranches will be finalised by FinMin, RBI in end-March
 "Special-series bonds could be over 10% of FY21 gross borrowing target")
Sell-off in debt markets may be overdone; expect rebound in 2020: Analysts
Yields have climbed 25 basis points to 6.71% after the central bank's decision on Dec. 5 to hold policy combined with worries over government borrowings.
 "Sell-off in debt markets may be overdone; expect rebound in 2020: Analysts")
Indian bonds may extend losses with no let-up in bad news facing them
The Reserve Bank of India's shock hold on rates last week led to the worst weekly fall in bond prices in more than one-and-a-half years
 "Indian bonds may extend losses with no let-up in bad news facing them")
India is paying price for repeated failure to fix banking system: Jan Dehn
London-based Jan Dehn, head of research at Ashmore Investment Management,says he is not bearish on Indian equities and the current problems in India are cyclical, but the banking issue
 "India is paying price for repeated failure to fix banking system: Jan Dehn")
Investors continue to lap up Indian dollar bonds even as returns drop
Dollar bonds issued by Indian companies posted their lowest return this year in September
 "Investors continue to lap up Indian dollar bonds even as returns drop")
World's biggest money manager keen to add to its holdings of Indian bonds
Rupee debt sold off in the past two months, the longest run of losses in a year, after the government's surprise $20 billion tax cut sparked fears of missing deficit targets
 "World's biggest money manager keen to add to its holdings of Indian bonds")
When Modi govt is seen borrowing more, rate cuts fail to boost bonds
The concerns persist even after an assurance from a government official that the borrowing plan remains unchanged
 "When Modi govt is seen borrowing more, rate cuts fail to boost bonds")
Indian Bonds rally on RBI windfall, focus now on 10Y issuance: Report
The global financial services major DBS, however, noted that interests in this paper is likely to be lukewarm ahead of the new 10Y issuance in September or October
 "Indian Bonds rally on RBI windfall, focus now on 10Y issuance: Report")
'Anti-patriotic': RSS wing says India must not issue foreign currency bonds
They say it is anti-patriotic as it could create long-term risks for the economy, potentially allowing rich foreign nations and their financial institutions to dictate the country's policies