Iran's Parliament Passes Law Banning Elon Musk's Starlink Internet Services
Iranian Parliament has passed a new law banning the use of Starlink–satellite internet service– in the country. Starlink is owned by SpaceX, which is in turn owned by Elon Musk. This comes days after United States' intervention in Israel-Iran conflict came to an end.
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Economic Times
32 minutes ago
- Economic Times
Indian bonds post biggest monthly dip since April 2024 on change in RBI policy stance
Live Events RATES (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian government bonds tumbled in June, logging their biggest fall in 15 months, pressured by a shift of policy stance by the local central bank and higher crude oil prices following Iran-Israel yield on the benchmark 10-year bond rose 11 basis points to end the month at 6.3241%, the steepest monthly rise since April 2024. The yield fell 26 bps in the yield on the 6.75% 2029 bond climbed 16 basis points, marking its sharpest monthly rise in about 29 months. Bond yields move inversely to Reserve Bank of India cut rates by 50 basis points earlier this month, but in a surprise move, changed its stance to neutral from accommodative, triggering a sell-off in the market."The bear steepening trend accentuated after the monetary policy meeting as markets started to factor in the end of the rate-cutting cycle as the MPC changed the monetary policy stance," said Puneet Pal, head of fixed income, PGIM India Mutual Fund."Yields continued to inch higher since then on profit booking and aversion to take fresh positions." Indian bonds also witnessed selling as oil prices rose after the U.S. attacked Iran's nuclear facilities, deepening tensions in the Middle East, although those tensions have since Brent crude contract shot up to as much as $81.40 per barrel, the highest in five RBI also conducted a seven-day variable rate reverse repo (VRRR) auction last week, its first in seven had reported earlier that the RBI sought market feedback to bring the call rates closer to the repo one-year overnight index swap rate fell for a sixth month in June, while the two-year and the five-year OIS rates one-year OIS rate fell nearly 5 basis points this month to close at 5.54%, while the two-year OIS rate rose 2 basis points to 5.51% and the liquid five-year was up nearly 3 basis points at 5.71%.
Time of India
39 minutes ago
- Time of India
Indian bonds post biggest monthly dip since April 2024 on change in RBI policy stance
Indian government bonds tumbled in June, logging their biggest fall in 15 months, pressured by a shift of policy stance by the local central bank and higher crude oil prices following Iran-Israel strikes. The yield on the benchmark 10-year bond rose 11 basis points to end the month at 6.3241%, the steepest monthly rise since April 2024. The yield fell 26 bps in April-June. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Tome uma colher de estômago vazio e veja a gordura descer pelo ralo Revista Saúde Saiba Mais Undo Meanwhile, the yield on the 6.75% 2029 bond climbed 16 basis points, marking its sharpest monthly rise in about 29 months. Bond yields move inversely to prices. Bonds Corner Powered By Indian bonds post biggest monthly dip since April 2024 on change in RBI policy stance Indian government bonds tumbled in June, logging their biggest fall in 15 months, pressured by a shift of policy stance by the local central bank and higher crude oil prices following Iran-Israel strikes. Bond rally cools just as another index inclusion nears India bond yields barely changed as traders eye fresh cues FPIs continue to sell G-Secs in June amid weak rupee Indian bond yields inch up ahead of large debt supply Browse all Bonds News with The Reserve Bank of India cut rates by 50 basis points earlier this month, but in a surprise move, changed its stance to neutral from accommodative, triggering a sell-off in the market. "The bear steepening trend accentuated after the monetary policy meeting as markets started to factor in the end of the rate-cutting cycle as the MPC changed the monetary policy stance," said Puneet Pal, head of fixed income, PGIM India Mutual Fund. Live Events "Yields continued to inch higher since then on profit booking and aversion to take fresh positions." Indian bonds also witnessed selling as oil prices rose after the U.S. attacked Iran's nuclear facilities, deepening tensions in the Middle East, although those tensions have since subsided. Benchmark Brent crude contract shot up to as much as $81.40 per barrel, the highest in five months. The RBI also conducted a seven-day variable rate reverse repo (VRRR) auction last week, its first in seven months. Reuters had reported earlier that the RBI sought market feedback to bring the call rates closer to the repo rate. RATES India's one-year overnight index swap rate fell for a sixth month in June, while the two-year and the five-year OIS rates rose. The one-year OIS rate fell nearly 5 basis points this month to close at 5.54%, while the two-year OIS rate rose 2 basis points to 5.51% and the liquid five-year was up nearly 3 basis points at 5.71%.
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- Time of India
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Ceasefire Under Threat? Iran Doubts Israel's Commitment, Says 'Finger On The Trigger…' | DETAILS Iran's top military commander has warned that the Islamic Republic does not trust Israel to honor the current ceasefire, just six days after a brutal 12-day air war. In a call with Saudi Arabia's defense minister, Gen. Abdolrahim Mousavi said Iran remains on alert and ready to respond with force if provoked. The conflict, which began with Israeli strikes on Iranian nuclear and military sites, killed top commanders and triggered a massive Iranian missile-and-drone retaliation that left dozens dead in Israel. Despite the truce, both sides are bracing for further escalation as distrust and regional tensions remain high.#IranChinaDeal #MiddleEastTensions #AirPowerShift #MilitaryStrategy #Geopolitics #DefenseNews #GlobalSecurity #J10C #ChengduJ10C #FighterJets #AirForceModernization #IranIsraelConflict #PersianGulfCrisis #IranAirForce #IDFStrikes 107.3K views | 4 hours ago
