Bond Yields Markets

Treasury yield rose above 4.65% on Monday but eased in Asian trading hours and was last at 4.6141%

Currently, 23 Indian Government Bonds (IGBs) with a combined notional value of $330 billion are index eligible, JPMorgan said

The one-year swap rate hit 7.10 per cent on Monday, the highest level since March 9, while the five-year swap rate rose to 6.85 per cent, a level last seen on November 9, 2022

Over the past one month, the yields on 10-year government bonds have risen 14.7 basis points to 7.218 per cent in India, while they have touched a 17-year high of 4.35 per cent in the US

Madan Sabnavis, Chief Economist, Bank of Baroda said Bond yields have come down sharply due to factors like Sudden demand for bonds by HDFC group ahead of merger

Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future

Last auction before Budget sees weak demand; market fears large borrowing in FY24

India's benchmark 10-year bond yields are expected to rise on the back of higher government borrowings, while the rupee could see steep depreciation by end of this financial year

Total trade volumes in the regular secondary bond market were at Rs 21,150 crore on Thursday

1-year bond yield logs the sharpest fall in two-and-a-half months

Dealers say it's because of delay in index inclusion

BNP Paribas said it has a cautious stance on the Indian markets amid lack of positive catalyst for further earnings upgrades amid slowing global demand, lofty valuations and a slowdown in retail flows

A fall of one basis point on the 10-year bond yield corresponds to a rise in price of roughly seven paise

Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.

Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out

A narrower spread makes it less attractive for foreigners to invest in rupee assets

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Asian stocks slipped on Wednesday following a mixed Wall Street session as higher US Treasury yields weighed on global tech firms

Analysts expect up to a 10% decline in the broader markets due to these changes in global macroeconomic conditions

The bonds that the RBI plans to buy mature between 2026 and 2035, including the benchmark 5-year and 14 year bonds