Government Bond

Malhotra's appointment comes as economic growth has slowed and inflation has risen

The new scheme, likely to be backed by Nabfid, aims to offer retail investors an alternative savings route to equity markets

The 10-year US Treasury yield dropped six basis points in Asia trading, after US President-elect Donald Trump tapped prominent investor Scott Bessent for the position of US Treasury secretary

Market participants said that the demand for ultra-long government securities will continue given the favourable demand-supply dynamic

The benchmark 10-year yield ended at 6.8637 per cent, compared with its previous close of 6.8605 per cent

Since September, when India's inclusion in the JPMorgan index was announced, foreigners have invested a net amount of $12.7 billion

The benchmark 10-year yield was at 6.9357 per cent as of 10:00 a.m. IST, compared with its previous close of 6.9512 per cent

The benchmark 10-year yield is likely to move in a 6.95 per cent-6.98 per cent range till the auction, after closing at 6.9674 per cent on Thursday

The benchmark 10-year yield was at 6.9649 per cent as of 10:00 a.m. IST after closing at 6.9632 per cent in the previous session

The benchmark 10-year yield was at 6.9724 per cent as of 10:00 a.m. IST, after closing at 6.9767 per cent in the previous session

The latest data has led to a repricing of interest rate cut expectations, with the probability of a 25-basis-point rate cut by the Federal Reserve in September

India's entry into a global bond index is a great sentiment-booster, but much of it has already been factored in

Inflows into bonds under the fully accessible route, which will be included in JPMorgan's widely-tracked emerging market debt index on June 28, have risen to more than $10 billion

LGIM pioneered and launched an Indian government bond-dedicated ETF in October 2021, which currently has around $700 million of assets, making it the largest of the five such ETFs

US bond yields rose after the economy created far more jobs than expected in May

Bond yields shot up on Tuesday and have largely remained elevated after a weakened mandate for Prime Minister Narendra Modi's party

JPMorgan Asset joins a slew of global investors, including Abrdn Plc and Zurich-based Vontobel Asset Management, in turning to Indian bonds ahead of their inclusion

Along with direct purchases, foreign investors have leaned on derivative proxies to gain exposure to Indian bonds

The government's fiscal position is expected to strengthen after a better-than-estimated dividend transfer and could further reduce some supply pressure

The gains will be capped as the central bank's record surplus transfer to the government has boosted market sentiment