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Business Recorder
7 days ago
- Business
- Business Recorder
India bonds rise tracking US peers; RBI policy in focus
MUMBAI: Indian government bonds edged higher in early deals on Monday, with bulls lapping up debt after an uptick in U.S. Treasuries, ahead of the Reserve Bank of India's (RBI) rate setting outcome this week. The yield on the benchmark 10-year bond was at 6.3366% as of 10:00 a.m. IST, compared with Friday's close of 6.3680%. Bond yields move inversely to prices. 'With domestic inflation undershooting expectations and softer non-farm payrolls data in the U.S., people will be comfortable with rates,' said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank. 'The domestic bond yield curve may see some bullish steepening,' Tripathi said, adding that 6.33% is a crucial level for the 10-year benchmark paper. 'If breached, we may go towards previous lows.' The yield on the U.S. 10-year bond was at 4.2454% in Asian hours, after a weak jobs data raised bets for a Federal Reserve rate cut in September. Meanwhile, the RBI is widely expected to keep its key interest rate unchanged on Wednesday, according to a majority of the economists polled by Reuters. Bets for another rate cut have risen after the U.S. last week slapped steep tariffs on Indian exports, which is likely to pressure growth even as inflation remains subdued. India's annual retail inflation slowed to a more than six-year low of 2.10% in June, near the lower end of the RBI's tolerance band, and is expected to drop to a record low in July.
Economic Times
7 days ago
- Business
- Economic Times
India bonds rise tracking US peers; RBI policy in focus
Indian government bonds edged higher in early deals on Monday, with bulls lapping up debt after an uptick in U.S. Treasuries, ahead of the Reserve Bank of India's (RBI) rate setting outcome this week. ADVERTISEMENT The yield on the benchmark 10-year bond was at 6.3366% as of 10:00 a.m. IST, compared with Friday's close of 6.3680%. Bond yields move inversely to prices. "With domestic inflation undershooting expectations and softer non-farm payrolls data in the U.S., people will be comfortable with rates," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank. "The domestic bond yield curve may see some bullish steepening," Tripathi said, adding that 6.33% is a crucial level for the 10-year benchmark paper. "If breached, we may go towards previous lows." ADVERTISEMENT The yield on the U.S. 10-year bond was at 4.2454% in Asian hours, after a weak jobs data raised bets for a Federal Reserve rate cut in September. Meanwhile, the RBI is widely expected to keep its key interest rate unchanged on Wednesday, according to a majority of the economists polled by Reuters. ADVERTISEMENT Bets for another rate cut have risen after the U.S. last week slapped steep tariffs on Indian exports, which is likely to pressure growth even as inflation remains subdued. India's annual retail inflation slowed to a more than six-year low of 2.10% in June, near the lower end of the RBI's tolerance band, and is expected to drop to a record low in July. ADVERTISEMENT India's overnight index swap (OIS) rates witnessed strong receiving interest in early trading as U.S. Treasury yields drop, triggering a decline in domestic bond yields. The one-year OIS rate dipped 5 basis points to 5.4550% and the two-year OIS rate dropped 5 bps to 5.4200%. The liquid five-year OIS rate lost 5 bps to 5.6625%. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
7 days ago
- Business
- Time of India
India bonds rise tracking US peers; RBI policy in focus
Indian government bonds edged higher in early deals on Monday, with bulls lapping up debt after an uptick in U.S. Treasuries , ahead of the Reserve Bank of India 's (RBI) rate setting outcome this week. The yield on the benchmark 10-year bond was at 6.3366% as of 10:00 a.m. IST, compared with Friday's close of 6.3680%. Explore courses from Top Institutes in Please select course: Select a Course Category Bond yields move inversely to prices. Bonds Corner Powered By India bonds rise tracking US peers; RBI policy in focus Indian government bonds saw a rise early Monday, fueled by an increase in U.S. Treasuries and anticipation of the RBI's upcoming rate decision. The 10-year bond yield decreased to 6.3366%. Experts predict the RBI will likely maintain current interest rates. Lower inflation and U.S. Godrej Properties plans its largest-ever bond issue: Report Is the 60:40 equity-bond allocation model still viable in today's market? Japan Bond yields see steepest decline in 3 months amid mounting economic uncertainty Sebi proposes tighter norms for green bond third-party reviewers Browse all Bonds News with "With domestic inflation undershooting expectations and softer non-farm payrolls data in the U.S., people will be comfortable with rates," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank . "The domestic bond yield curve may see some bullish steepening," Tripathi said, adding that 6.33% is a crucial level for the 10-year benchmark paper. Live Events "If breached, we may go towards previous lows." The yield on the U.S. 10-year bond was at 4.2454% in Asian hours, after a weak jobs data raised bets for a Federal Reserve rate cut in September. Meanwhile, the RBI is widely expected to keep its key interest rate unchanged on Wednesday, according to a majority of the economists polled by Reuters. Bets for another rate cut have risen after the U.S. last week slapped steep tariffs on Indian exports, which is likely to pressure growth even as inflation remains subdued. India's annual retail inflation slowed to a more than six-year low of 2.10% in June, near the lower end of the RBI's tolerance band, and is expected to drop to a record low in July. RATES India's overnight index swap (OIS) rates witnessed strong receiving interest in early trading as U.S. Treasury yields drop, triggering a decline in domestic bond yields. The one-year OIS rate dipped 5 basis points to 5.4550% and the two-year OIS rate dropped 5 bps to 5.4200%. The liquid five-year OIS rate lost 5 bps to 5.6625%.
Economic Times
24-06-2025
- Business
- Economic Times
Indian bonds jump as traders lap up debt after Israel-Iran ceasefire
An Israel-Iran ceasefire and the ensuing slump in oil prices boosted Indian government bonds on Tuesday, as traders resumed buying and covered short positions. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads An Israel-Iran ceasefire and the ensuing slump in oil prices boosted Indian government bonds on Tuesday, as traders resumed buying and covered short yield on the benchmark 10-year bond ended over 5 basis points lower at 6.2504%, the sharpest decline since May 13. The five-year 6.75% 2029 bond yield was at 5.9870%, versus its previous close of 6.0304%.Yields move inversely to bond prices.U.S. President Donald Trump announced on Monday a ceasefire between Israel and Iran. Both Israel and Iran confirmed the ceasefire, but reports of a violation hours later raised some doubts about the global markets were largely relieved by the prospect of an end to the 12-day crude was down nearly 2.7% at $69.52 per barrel in Asian hours, after easing over 7% on Monday."The tensions are dying down after the ceasefire," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank "Commodity prices are also cooling down, so local factors like demand and supply should take precedence now."He expects the yield on the new 10-year bond to be rangebound between 6.20% and 6.30% in the near India's banking system liquidity surplus shrunk to its lowest in three weeks due to tax surplus was at 2.44 trillion rupees($511.50 billion) on Indian overnight index swap (OIS) rates declined across tenors on Tuesday, in line with government bond recommended receiving the most liquid 5-year OIS rate, with a view that the rate could extend its slide if oil prices fell one-year OIS rate ended 4 basis points lower at 5.48% and the two-year OIS rate fell by 6 basis points to 5.47%.The liquid five-year dropped 8 basis points to 5.67%. ($1 = 86.0220 Indian rupees)
Time of India
24-06-2025
- Business
- Time of India
Indian bonds jump as traders lap up debt after Israel-Iran ceasefire
An Israel-Iran ceasefire and the ensuing slump in oil prices boosted Indian government bonds on Tuesday, as traders resumed buying and covered short positions. The yield on the benchmark 10-year bond ended over 5 basis points lower at 6.2504%, the sharpest decline since May 13. The five-year 6.75% 2029 bond yield was at 5.9870%, versus its previous close of 6.0304%. Yields move inversely to bond prices. Bonds Corner Powered By Indian bonds jump as traders lap up debt after Israel-Iran ceasefire An Israel-Iran ceasefire and the ensuing slump in oil prices boosted Indian government bonds on Tuesday, as traders resumed buying and covered short positions. De-escalation of Iran-Israel conflict pushes oil down, aids India bond bulls Hero FinCorp plans first offshore bond issuance to raise $300 million L&T lists India's 1st ESG bonds on NSE, raises Rs 500 crore Indian rupee, bonds under pressure as US strike on Iran deepens Middle East conflict Browse all Bonds News with U.S. President Donald Trump announced on Monday a ceasefire between Israel and Iran. Both Israel and Iran confirmed the ceasefire, but reports of a violation hours later raised some doubts about the truce. Still, global markets were largely relieved by the prospect of an end to the 12-day war. Live Events Brent crude was down nearly 2.7% at $69.52 per barrel in Asian hours, after easing over 7% on Monday. "The tensions are dying down after the ceasefire," said Gopal Tripathi, head of treasury and capital markets at Jana Small Finance Bank . "Commodity prices are also cooling down, so local factors like demand and supply should take precedence now." He expects the yield on the new 10-year bond to be rangebound between 6.20% and 6.30% in the near term. Meanwhile, India's banking system liquidity surplus shrunk to its lowest in three weeks due to tax outflows. The surplus was at 2.44 trillion rupees($511.50 billion) on Monday. RATES The Indian overnight index swap (OIS) rates declined across tenors on Tuesday, in line with government bond yields. Traders recommended receiving the most liquid 5-year OIS rate, with a view that the rate could extend its slide if oil prices fell further. The one-year OIS rate ended 4 basis points lower at 5.48% and the two-year OIS rate fell by 6 basis points to 5.47%. The liquid five-year dropped 8 basis points to 5.67%. ($1 = 86.0220 Indian rupees)
