LONG TENOR
Should you invest in tax-free bonds?
In order to take a decision to invest in tax-free bonds, Gaurav must weigh its features against other investments. As an investment providing tax-free income, these bonds may fare well when compared to bank fixed deposits and debt mutual funds.
Big Funds bet the ‘anything but bonds’ trade is poised to end
US bond investors increase positions in long-dated high-grade corporate bonds, expecting gains from future interest rate cuts. Market attention is on upcoming bond sales and key economic data releases globally. The “anything but bonds trade” may now have run its course and long-duration debt is set for a comeback in the second half.
Lock in to long duration debt funds to profit from rate cuts
"We expect the RBI to cut rates by 75 basis points from the latter part of the year 2024. Effectively, while the RBI rate cut could be 75 basis points, the 10-year yields could potentially fall by 100 basis points, from the current level of 7.2% to 6.2%," ICICI Securities analyst Sachin Jain said.
JSW Steel USA Ohio plans to raise long-term funds in US
Jefferson County Port Authority is a port authority and a body corporate and politic organized and existing under the laws of the State of Ohio. The Bonds will be repaid out of proceeds from repayment of loan received from JSW Ohio and the bond holders will have no recourse to the Port Authority.
India will sell 50-year bonds for the first time on growing insurer demand
The nation’s burgeoning life insurance and pension fund industries, driven by an expanding middle class, are changing the landscape for India’s $1 trillion sovereign debt market. The sale reflects their growing heft, and helps Prime Minister Narendra Modi’s government reduce its reliance on purchases by banks to fund record borrowings.
New guidelines soon on banks resetting tenor & EMI of your home loans
Governor Shaktikanta Das said lenders will have to also take into consideration age and payment capacity before changing loan terms. “It is necessary to avoid an undue long elongation which sometimes may camouflage an underlying stress in a particular loan. Therefore, the extension of the tenor has to be for a particular period,” Governor Das said.
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'Foreign banks' exposure to trades in long-term bonds not a concern'
The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major reasons for concern at the current juncture.
Foreign banks' AFS exposure to long-term bonds at all-time high
While a sharp increase in exposure to longer-dated bonds entailing greater risks could ordinarily be a matter of concern, the regulator isn't too concerned yet due to extensive hedges used against the exposure.
SBI board approves raising up to $2 billion via long-term debt
It was SBI's third Tier-1 bond issuance in the previous financial year. The tenor of these bonds is perpetual, with a call option after 10 years and every anniversary thereafter.
India short-end corp debt attractiveness seen rising: Tata MF
Yields of AAA-rated, three- to five-year corporate bonds are in a range of 7.55%-7.58%, while their government counterparts are offering a return of 7.02%-7.12% on a semi-annual basis
Axis Bank hikes FD interest rates: Senior citizen can earn up to 8.01% on this tenor
Axis Bank has increased fixed deposit (FD) interest rates for amounts less than Rs 2 crore on select tenors. The new rates are effective from January 10, 2023.
Three-five year debt preferable to longer-tenor bonds: Pankaj Pathak of Quantum MF
Pathak expects yields to remain at these levels, given his prediction that India's central bank will hike policy rates one more time in February before pausing.
Indian cos withdraw long-tenor bonds as investors seek higher rates
Post the U.S. Federal Reserve's rate hike on Wednesday, some investors expect the central bank's December meeting to lead to a 50 basis points increase, pushing the rupee down further.
Stocks in the news: Infosys, HDFC, MindTree, Dabur, Tata Power and LTI
L&T Infotech, Tata Exlsi, ACC, Angel One, BBTC, Tata Steel Long Products, Butterfly Gandhimathi, GTPL Hathway and Shakti Pumps are among the company that will announce their quarterly earning for the quarter ended June 2022.
ICICI Bank hikes FD interest rates on select tenors again
ICICI Bank has increased fixed deposit (FD) interest rates on several tenors by 5 basis points for amounts less than Rs 2 crore. The highest rates are effective from June 22, 2022
IIFCL invests Rs 325 crore in InvIT's long-term debt
Government-owned India Infrastructure Finance Company (IIFCL) on Sunday said it has forayed into the long-term infrastructure bond market by subscribing to a non-convertible debt issued by Virescent Renewable Energy Trust an infrastructure investment trust (InvIT).
S&P upgrades Manappuram Finance's long-term credit rating to 'BB-'
According to the rating rationale released by S&P, the gold-based lending business of the company has proved to be an effective counterbalance to the weakness in India's microfinance segment.
Banks may not be pricing their risks adequately, says new report from SBI Research
For example, 15 years loans are being priced at even lower than 6%, linking with Repo / T-Bill rates. At the same times 10- year government bond is currently trading at 6.2% and by the current pricing trends this could even gravitate towards 6.0% again.
Key criteria one should apply while choosing a mutual fund to invest in
Picking the right mutual fund may look easy, but it cannot be done without following certain basic criteria. Before investing in any fund, you must first identify your goals for the investment.
Medium to long-end bonds provide a favourable risk-reward: Saurabh Bhatia of DSP Mutual Fund
Many mutual fund investors believe that debt mutual funds are likely to give lower returns in the coming days even as hopes of more rate cuts are slowly fading from the bond market. Will the RBI hold or rates or will it do the unthinkable: raising rates?
RBI needs to do long-term repo operations in 10-year segment
The long end of G-sec yield curve has not participated in this rally.
Rs 1.94 lakh crore bid for Rs 25,000 crore long-term repos
The pro-rata allotment set by the RBI was at 12.86 per cent.
Should you take a loan to buy a big car?
Buying a big car requires a large investment. An expensive car means tying himself/herself to higher obligation of EMIs for a longer period, which can mean trouble. This is why one needs to evaluate whether he/she is comfortable with such a decision.
Fund managers cash in on India’s bond rally
Benchmark yields have slid almost 30 basis points since mid-December.
Axis Bank cuts MCLR across all tenors
Axis Bank joins a long list of banks that have reduced their lending rates after RBI cut the repo rate by 35 basis points earlier this month.
HDFC Bank cuts MCLR by 0.10% across tenors
With this, the new pricing of HDFC Bank's one-year MCLR comes at 8.60 percent, the sources said, adding the new pricing is applicable from Wednesday.
Global bond rates low, India will gain by raising longer-tenor funds: Madhav Kalyan, JPMorgan
A policy infra should be in place before we tap overseas market, says the CEO of JPMorgan in India.
Partial credit enhancement to improve funding for smaller NBFCs/HFCs in medium term
The purpose of PCE bonds issued is to refinance any existing debts of NBFCs/HFCs. This has the potential of reducing refinancing risk for issuers, given insurance/mutual funds may be able to participate in the offerings with enhanced ratings.
Templeton switches short-term gilts for longer tenors
The latest strategy would also increase Franklin’s average holding periods, enhancing returns on investment.
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