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Time of India
08-08-2025
- Business
- Time of India
India bonds edge down in thin trade before debt sale
Indian government bonds dipped in early trading on Friday, as investors remained wary ahead of the weekly debt sale that will test demand in the wake of a disappointing central bank policy decision. The yield on the benchmark 10-year bond was at 6.3949%, as of 10:20 a.m. IST, while it closed at 6.3861% on Thursday. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Bond yields move inversely to prices. Bonds Corner Powered By India bonds edge down in thin trade before debt sale Indian government bonds experienced a dip in early trading on Friday. Investors are cautious before the weekly debt sale. This sale will test demand after a disappointing central bank policy decision. The Reserve Bank of India's decision to hold rates impacted investor appetite. Market participants await next quarter's GDP data for policy easing cues. RBI rate pause offers a window of opportunity for fixed-income investors Retail investors still cautious despite easier access to corporate bonds: Jessica Shah US Treasury yield spike in short span fuels speculation about cause India Inc turning to corporate bonds and commercial papers amid sluggish bank credit growth Browse all Bonds News with New Delhi is set to raise 250 billion rupees ($2.86 billion)through the sale of seven-year and 50-year bonds in the debt auction later in the day. The RBI's decision to hold rates and a lack of dovish cues in the Governor's statement had pared rate easing bets. It has curbed investor appetite for debt, traders said, adding that demand for auction will be key for determining direction of bond yields. Live Events "The uncertainties appear to have increased for bonds," said Sandeep Bagla, CEO at Trust Mutual Fund. "With core inflation stubbornly high and headline inflation projected at 4.9% after a few months, there seems to be little room for an immediate rally." Market participants are now awaiting next quarter's GDP data by August-end for cues on the RBI's policy easing trajectory. U.S. President Donald Trump's 50% tariffs on Indian imports could hurt India's growth prospects as it would curtail India's ambitions to develop its manufacturing sector and hurt its garment makers. RATES India's overnight index swap rates were little changed after witnessing some receiving in the previous session. The one-year OIS rate was steady 5.49% and the two-year OIS rate was slightly up at 5.45%. The liquid five-year OIS rate was unchanged at 5.67%. ($1 = 87.5630 Indian rupees).


Time of India
30-05-2025
- Business
- Time of India
India bond yields set to post third straight monthly fall in May
Indian government bond yields are set for a third consecutive monthly decline in May, amid the central bank's continuous liquidity injection and bets of further monetary policy easing in coming months. The yields were little changed on Friday, with focus on fresh debt supply through a weekly auction followed by the country's latest growth data. The yield on the new benchmark 10-year bond was at 6.1806% as of 10:00 a.m. IST, compared with the previous close of 6.1794%. The paper was issued at 6.33% on May 2 and jumped to 6.40% in the following week. Bonds Corner Powered By India bond yields set to post third straight monthly fall in May Indian government bond yields are decreasing in May. This marks the third consecutive monthly decline. The Reserve Bank of India is injecting liquidity. Expectations are for further monetary policy easing. New Delhi will sell benchmark bonds. This will increase liquidity. Economists estimate India's growth data for January-March. The Reserve Bank of India is expected to cut rates on June 6. High-yielding bonds in EM may beat peers as treasuries decline Jubilant Bhartia plans Rs 5,600 crore bond issue to fund Coca-Cola deal Shapoorji Pallonji Group secures $3.4 billion in private credit deal LIC invests Rs 5,000 crore in Adani Ports NCD Browse all Bonds News with The most liquid and former benchmark 2034 bond yield was at 6.2491% after settling at 6.2518%. It had hit a high of 6.44% during the month. The 10-year bond yield fell by 14 bps and 22 bps in March and April, respectively. Live Events New Delhi will sell benchmark bonds worth 300 billion rupees ($3.52 billion), which will double its outstanding amount and make it more liquid. "Auction demand and growth data will be key driver for the direction of yields till the central bank's policy next week," a trader with a mutual fund said. India's economic growth data for January-March is due on Friday, with economists estimating growth of 6.7%, versus 6.2% in the prior quarter. The Reserve Bank of India is widely expected to deliver a third straight 25-basis-point rate cut on June 6. Traders anticipate bond yields to decline further. The RBI has cut rates by 50 bps in 2025 and has infused around $100 billion into the banking system since December. RATES Overnight index swap (OIS) rates eased marginally. The one-year OIS was down 3 bps at 5.54%, while the two-year OIS rate was also down 3 bps at 5.463%. The most liquid five-year dipped 2 bps to 5.62%. ($1 = 85.2920 Indian rupees)