BOND YIELDS TODAY
Rupee falls 11 paise to close at 83.537 against US dollar; 10-year G-Sec yield trades flat
The 10-year benchmark bond yields have been trading flat, but traders say that these levels are good. “Today there seems to be buying from mutual funds. They sold during the quarter end so they have to replenish their kitty”, they said. Liquidity eased a bit as the month began to a surplus of almost Rs. 28,000 crores due to government spending.
007 Effect! JPMorgan bond inclusion can attract $2-3 billion monthly FII inflows into India
Since October 2023, non-residents have invested nearly $15 billion in Indian government bonds, including $5 billion through USD-settled, INR-denominated supranational bonds. Starting from Friday, passive fund inclusion will begin at a rate of 1% per month, leading to total inflows of $25-30 billion by the time full weightage is reached.
India inclusion in JP Morgan Bond index from today, $25-30 bn flow expected. What it means
India, which has been on index watch since October 21, upon its inclusion will have the single highest duration across the index at 7.03 years, with an above average yield-to-maturity at 7.09%, a JP Morgan note said.
Rupee gains for 3 straight sessions, settles at 83.57
The yield on the 10-year benchmark bond increased slightly but remains within market expectations, closing at 7.00% on Wednesday.
Europe's STOXX 600 falls as tech, banks drag
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
10-year benchmark sovereign bond yield slips below 7% as inflation cools in India and US
Yield on the 10-year securities retreated to 6.98% Thursday after India's retail inflation eased to a one-year low of 4.75% in May, as against an 11-month low of 4.83% the previous month.
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India bond market to wait for fiscal roadmap clarity before next rally, says Citi
Investors are waiting for clarity on India's fiscal consolidation path in the upcoming government budget before driving the next bond market rally, according to a Citi India executive.
Green flavour not enticing enough for bond investors
Green bonds in India face challenges due to the absence of financial institutions focusing on green financing and investors enthusiastic about environment protection. Follow-up issuances have dried up a year after the first government green bond sale.
Gold Price Today: Yellow Metal opens flat at Rs 73,239 per 10 grams, silver rises Rs 3,200 in a day
Gold and silver prices at MCX remained flat with gold opening at Rs 73,239 per 10 grams and silver at Rs 93,650/kg.
Euro zone bond yields rise as ECB offers fuzzy outlook
"The Governing Council will continue to follow a data-dependent and meeting-by-meeting approach to determining the appropriate level and duration of restriction," the ECB said in a statement.
10-year bond yield at 2-year low, rupee gains as exit polls show NDA victory
Yield on the 10-year benchmark government ended the day’s trade at 6.9438%, its lowest closing level since April 7, 2022, LSEG data showed.
Gold Rate Today: Yellow metal slips below Rs 71,300/10 grams, silver declines Rs 1370/-Kg
Gold prices declined on Monday as traders awaited further U.S. economic data following recent indications of stabilized inflation, raising expectations for a potential interest rate cut by the Federal Reserve later in the year.
GIFT Nifty up 35 points; here's the trading setup for today's session
Tech View: "The recent decline has disrupted the positive momentum, with Nifty falling below its crucial short-term moving average, the 20 DEMA. A decisive break of the 22,400 level could trigger a further drop to the 22,000-22,150 zone. We suggest aligning trades accordingly and adopting a hedged approach," Ajit Mishra, Senior Vice President, Research at Religare Broking.
Dow slides 1% as bond market pressure eases after cooler economic data
The S&P 500 traded 0.2% lower and the Nasdaq composite dropped 0.3%. Yields fell on Thursday after a couple of reports showed the U.S. economy isn’t quite as strong as expected. The hope on Wall Street is that the economy can cool down, but not too much so that the Federal Reserve can hit a precise landing where it gets high inflation under control without causing a bad recession.
Dow slips nearly 1%, Nasdaq below 17,000 as rate worries push bond yields higher
Megacaps Microsoft, Alphabet and Meta dipped between 0.3% and 0.6% as U.S. bond yields across the board rose to near four-week highs after Tuesday's unexpectedly strong consumer confidence data. The Dow led declines, falling to its lowest in nearly one month, and all major S&P 500 subsectors were in the red in early trading.
Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday
Sensex rose nearly 1,200 points to hit a record high of 75,499 and Nifty settled near 23,000. Buying was seen in banks, capital goods, auto and consumer durables. Healthcare and metal stocks saw little selling pressure. Garden Reach Shipbuilders rose 20% to hit a fresh record high.
Nifty hits record high, Sensex jumps 1,200 points. Is RBI behind the sugar rush?
Nifty hits a record high while Sensex surges 1,200 points, fuelled by RBI's Rs 2.1 lakh crore dividend for the government. Analysts anticipate positive macroeconomic effects, including potential fiscal deficit reduction and infrastructure spending boost.
How will RBI's Rs 2.11 lakh cr dividend payout to government help Indian economy? A Balasubramanian answers
So, I think combination of these two things put together have made RBI to come with about highest ever dividend, especially at a time where the market is also generally getting, not market, in general, the bond market keeps a very close eye on fiscal numbers.
Amid multi-layered investment process, BlackRock’s India bond ETF to be “one-stop” shop
BlackRock is positioning its recently launched Indian government bond ETF as a “one-stop shop” for foreigners to deploy money in local sovereign debt amid several operational layers that overseas players would otherwise have to go through to trade here, Hui Sien Koay, lead index, fixed income strategist for APAC at BlackRock
Two Bajaj cos raise record Rs 12,000 cr debt on a single day as yields fall
Market sources said that Bajaj Housing Finance has raised Rs 4,500 crore through two issuances of non-convertible debentures – Rs 3,000 crore through a 3-year bond at an interest rate of 8.10% and Rs 1,500 crore through a 5-year bond at 8.05%.
US 10-year Treasury yields at highest since November following strong retail sales data
Benchmark U.S. 10-year Treasury yields spiked due to inflation and Middle East concerns. Consumer resilience affects rate cut expectations. Two-year Treasury yield rises by 10 basis points.
India 10-yr yield posts biggest jump in 6 months amid Treasury push
Indian government bond yields jumped on Friday, with the benchmark yield posting its biggest single-day rise in six months, tracking U.S. yields after elevated inflation reaffirmed doubts over interest rate cuts in the near future.
Rupee closes stronger but state-run banks' dollar buys erode gains
The Indian rupee closed higher on Wednesday, aided by likely inflows and lower U.S. bond yields, while state-run banks' dollar appetite constrained the local currency's gains after it touched the strongest level in nearly three weeks.
US stocks gain as bond yields ease from highs
Wall Street indexes rise as Treasury yields drop, investors reassess rate cut timing. Market awaits inflation data, Fed minutes, banking giants' earnings. Wells Fargo raises S&P 500 year-end target. Cryptocurrency stocks gain with rising bitcoin prices.
India's bond yields may ease with higher overseas inflows
The benchmark 10-year bond yield closed lower at 7.063% Tuesday from the previous close of 7.0968%, while 13 state governments collectively sold more than Rs 28,000 crore of bonds.
US Treasury yields race higher, pushing 10-year above 4%, after strong jobs report
Markets now expect the Federal Reserve to cut benchmark interest rates by 127 basis points by year-end, down sharply from more than 160 basis points expected a month ago. Futures markets are now pricing in just a 21% chance of a rate cut after the Fed's March meeting, down from a nearly 80% chance in early January, according to CME's FedWatch Tool.
Bond yields hit 7-month low as Centre announces lower-than-expected gross borrowing
Government bond yields slid to their lowest levels since June, bringing down the cost of borrowing across the economy, as the Centre took the unusual step of dipping into a tax fund kitty to bring down its gross debt issuances for FY25, pleasantly surprising the market with lower supply.
Bond yields slump as government cuts market borrowing plan for FY25
In the interim Budget for FY25, the government has pegged the gross and net market borrowing at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the gross market borrowing to be a little over Rs 15 lakh crore. The planned borrowing for FY25 is less than that in FY24. For FY24, the government had pegged gross market borrowing at Rs 15.43 lakh crore.
US bonds keep bearish tone after strong jobs data
Benchmark 10-year yields were last up two basis points from Wednesday at 4.125%, and yields were also slightly higher for other medium to long-term maturities. Two-year yields were roughly unchanged after jumping on Wednesday.
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