SBI sends all poll bonds data to Election Commission on Supreme Court’s order
State Bank of India provided electoral bond data to the Election Commission after Supreme Court's order. EC must publish details by March 15. | Latest News India Key Points
Hindustan Times10-year yield slips on index talks, weaker oil
Yield on the 10-year benchmark government bond dropped to a low of 7.19% on Tuesday, five basis points lower than its closing level at the end of last week. The benchmark bond closed at 7.19% on Tuesday. Falling government bond yields lead to lower borrowing costs across the economy. Key Points
Economic TimesMoody's downgrades Vedanta as bond restructuring gets investor nod
Vedanta Resources had last week received investor consent to restructure about $3.8 billion of its outstanding corporate bonds. Moody’s said the company is likely to face material liquidity issues over the coming 24 months and the risk of default risk remains high Key Points
mintIndia 10-year bond yield logs biggest weekly decline in over 7 months on dovish Fed stance
The benchmark 10-year bond yield ended at 7.1624 per cent, after closing the previous session at 7.1969 per cent. Key Points
mintIndia's Reliance Industries raises $2.4 bln in mega local bond sale
Reliance Industries (RELI.NS) raised 200 billion rupees ($2.40 billion) on Thursday, in the largest bond issue by a non-financial Indian firm, by paying 40 basis points more than the government's borrowing cost. Key Points
Reuters
If you have a one-year horizon, then you are better off doing bank fixed deposits now: Lakshmi Iyer
“The key driver I think for the markets in India is going to be if RBI opens market bond sales. I think that is something which they spoke about in the monetary policy. If they announce sometime next month or this month, it could be a small little party pooper but beside that macro, we are pretty stable.” Key Points
Economic TimesIndia's first 50-year bond fully sold on growing insurer demand
The government sold 100 billion rupees ($1.2 billion) of the 2073 bond at a cutoff yield of 7.46%, the Reserve Bank of India said in a statement. Thats lower than the 7.48% forecast in a Bloomberg survey. Investors, including insurers, probably lapped up the paper as they had expressed strong interest before the auction to lock in higher yields to take care of long-term commitments. Key Points
Economic TimesGovt bond yields hit 3-week high at 7.16% on US rate concerns
Yield on the 10-year benchmark bond settled at 7.16% on Friday, four basis points higher than its previous close and the highest closing level since July 7, Bloomberg data showed. bond prices and yields move inversely. One basis point is 0.01 percentage point. Key Points
Economic TimesMarketAxess tops profit estimates on strength in Eurobond trading
MarketAxess Holdings (MKTX.O) reported a better-than-expected second-quarter profit on Thursday, as a bustling Eurobond market helped offset the hit from a decline in U.S. government bond trading. Key Points
ReutersHow to ensure that financial products sold on online platforms are genuine? Aditi Mittal answers
Come to 2019, 2020, we saw a lot of online platforms bringing up and offering fixed income products, structured and packaged in various manners. And they exponentially grew from 2019 to 2022. In November 2022, SEBI came out with the OBPP guidelines for the platforms who were offering corporate bonds listed or to be listed, to be regulated. Key Points
Economic Times
Corporate bond market lures borrowers
Primary issuances in the bond market in the current quarter are already at around Rs 2 trillion, compared with Rs 1.3 trillion in the March quarter, as companies are able to mop up funds at very attractive rates. Key Points
FinancialexpressIndian bond yields seen lower after RBI’s currency move to aid liquidity, debt buy
The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 6.95% to 7.01% range after closing at 7.0106% in the previous session. Key Points
FinancialexpressIndia bond yields tad down at start of week with few triggers
The 10-year benchmark 7.26% 2033 bond yield was at 7.1384% as of 10:00 a.m. IST on Monday, after ending at 7.1556% in the previous session. Key Points
FinancialexpressSBI looks to raise $500 million via dollar bonds
India's largest lender, the State Bank of India (SBI), has reportedly contacted international banks to explore options for a possible bond issue, with initial estimates pointing towards $500m. The bank is expected to formally involve investment banks in the project within a week, with the issue's size dependent on the response from investors. The regulatory framework allowing companies to issue securities to investors in the US and other markets without registering with the SEC is expected to help to bring down costs. Key Points
Economic TimesIndia bond yields seen little changed before RBI minutes
The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.20% to 7.25% range, after closing at 7.2251% in the previous session, a trader with a private bank said. Key Points
Financialexpress
India bond yields crash after RBI surprises with status quo on rates
The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 a.m. IST, after closing at 7.2750% on Wednesday. Key Points
FinancialexpressIndia plans ₹9 trillion of bond sales in fiscal first half
The government plans to sell about ₹9 trillion ($109 billion) of bonds in the six months to Sept, or 58% of the record ₹15.43 trillion full-year target, the ministry of finance said in a statement. The administration typically aims for 55%-60% of its full year sales in the first half Key Points
mintSilicon Valley Bank collapse: How a bad bond portfolio sale doomed the tech-focused lender
A bond portfolio sale proved fatal for the US tech and startup-focused lender, potentially triggering a chain of events that led to its collapse. Here is all you need to know. Key Points
India TodaySBI likely to begin issuance of Rs 10,000-cr rupee bonds soon
The bond sale could be for up to ₹10,000 crore, with a base size of ₹3000 crore and a green shoe option of ₹7,000 crore, the sources said. The bonds may have a call option after 10 years and the issue date could be June 29. Key Points
Economic TimesIs Callum Turner poised to step into Daniel Craig's 'James Bond' shoes?
In the buzz surrounding the next James Bond, Callum Turner's potential casting emerges. Addressing rumors with humor, Turner credits his mother for the speculation but denies talks about the role. Expressing admiration for producer Barbara Broccoli, Turner remains coy. Other contenders include Jacob Elordi and Aaron Taylor-Johnson, who remained tight-lipped about bond rumors. Daniel Craig's exit plan, revealed after No Time to Die, involved a pivotal conversation with Broccoli, hinting at a daring turn for the franchise's future. Turner's role in The Boys in the Boat adds to the anticipation. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/APMDHTHZZBN5ZCHDMPVDXRU7DQ.jpg)
bond fund managers head for third year of losses for first time in decades
Many of the world's biggest bond funds are facing their third straight year of losses for the first time in roughly 40 years, as a relentless U.S. economy sends bond yields to their highest levels in more than a decade. Key Points
ReutersIndia's Adani Enterprises makes first rupee bond market foray since Hindenburg
India's Adani Enterprises (ADEL.NS) has returned to the local corporate bond market for the first time since January when a U.S.-based short-seller's scathing report sparked a rout in the group's securities, but had to pay a higher rate to raise funds. Key Points
ReutersHDFC, Nabard and PFC line up bond sales
HDFC's bond issue, which may have an additional subscription option of up to ₹5,000 crore, may see the rate of interest being set around 7.80%, market sources said. Key Points
Economic TimesRBI to prolong pause, probability of hike small, says ICICI Securities Primary Dealership CEO
ICICI Securities Primary Dealership CEO Shailendra Jhingan believes the Reserve Bank of India (RBI) should ignore the increase in US Treasury yields and instead focus on inflation, with particular attention on food prices. If the Consumer Price Index (CPI), minus vegetables, remains at current levels of 5.2%, Jhingan thinks rates are at the correct level. He also said the market was likely to hold its current policy with a 15-20% chance of a rate hike occurring over the next year. Jhingan advised investors to consider the 10-year and upward part of the government bond yield curve. Key Points
Economic TimesIt’s time for caution as bond yields reverse
This is where the FOMC meeting next week becomes even more interesting. The expectation for a rate hike has been revised from 50 bps to 25 bps post the Silicon Valley Bank collapse. The anticipation has deepened to no rate hikes as more banks collapsed. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/NJZRZZTGCVLXZHYXTO6EDA4CPE.jpg)
Exclusive: Bayer holds call with bond investors after raft of bad news
Bayer (BAYGn.DE) held a call with investors on Monday after a raft of bad news led some of them to question whether the German group had been upfront about its prospects ahead of a $5.75 billion bond issuance, three sources familiar with the situation said on Wednesday. Key Points
ReutersUS debt risks to become a 'fact of life' for investors, says Citi
Rising U.S. government debt and fiscal deficits that have helped lift government bond yields this year will likely become secondary factors for investors, as their focus shifts to economic fundamentals, Citi analysts said. Key Points
ReutersMorning Bid: Oil-fueled rally turns to Powell
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersIndia bond yields seen lower after better-than-expected inflation data
The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 6.96%-7.02% range, a trader with a primary dealership said, after closing at 6.9938% in the previous session. Key Points
FinancialexpressIndia bond yields may dip tracking US peers, RBI policy key
The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.28-7.33% range on Wednesday after closing at 7.3142% on Monday. Key Points
Financialexpress
Budget 2024: bond market focus fixated on government’s fiscal discipline commitment, borrowing plan
The bond market traders keenly watch the government’s fiscal deficit target and market borrowing plans in the Union Budget for directional cues. The trajectory of Indian government bond yields will be influenced by the Budget targets and the upcoming US Federal Reserve policy meeting. Key Points
mintIn a first, LIC plays anchor for Nabard's infra bond sale
Investment documents seen by ET showed that LIC is the anchor investor for the ₹5,000-crore infrastructure bond sale by Nabard on December 20. Besides the base, the issuer also has a green shoe option of ₹5,000 crore. As anchor investor, LIC will take up 30%, or ₹1,500 crore, of the base size of Nabard's bond issue, the documents showed. Key Points
Economic TimesMorning Bid: Fed, financing and jobs greet November
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersMorning Bid: Bruised bonds relying on disinflation
A look at the day ahead in U.S. and global markets from Mike Dolan Key Points
ReutersIndian 10-year yield below 7% again as US peers decline
The 10-year benchmark 7.26% 2033 bond yield was at 6.9917% as of 10:00 a.m. IST, after closing at 7.0102% in the previous session. Key Points
Financialexpress
Indian bond yields may rise tracking US peers, state debt sale eyed
The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 6.98% to 7.03% range after closing at 6.9864% in the previous session. Key Points
Financialexpressbond yields flattish ahead of April US inflation data
Economists expect U.S. headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%. The numbers, due at 1230 GMT, will show whether price pressures continue to ease or remain at levels that could prompt the U.S. Federal Reserve to hike interest rates further. Key Points
FinancialexpressFinance ministry sees G-sec yields on downhill trek
The yields on short-term instruments like treasury bills, too, will likely ease, he added. The yield moves in the opposite direction of a bond's price. Key Points
Economic TimesA hard equation to resolve: Simran Mangharam on infidelity
It feels catastrophic because it's every quake brewing in a relationship, hitting all at once. Rebuilding, alone or together, is gruelling, but holds out hope. Key Points
Hindustan Times