Benchmark indices jump over 1% to hit one-month highs
These higher yields make them the right fit for certain use cases. Investment advisors say the product can be looked at when saving for overseas goals
U.S. Treasury yields continued to slide, pinning the dollar close to two-week lows as markets digest recent comments from policymakers that the Fed may not need to tighten monetary policy further
The US Federal Reserve's benchmark interest rate was 0, while central banks in Europe and Asia even ran negative rates to stimulate economic growth after the financial crisis and through the pandemic
Rupee ends close to all time low
The five-year swap rate rose by nine basis points to settle at 6.78 per cent on Friday, against 6.69 per cent on Thursday
The plans will likely gather steam in two months and the amount eventually raised could be double the initial size, sources said
Yields on 10-year state paper harden further
Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future
The benchmark 2032 bond yield has risen only 12 bps during the same period, leading to spread compression and ultimately inversion
Euro zone business activity gathered steam, expanding much faster than thought, according to a survey, buoyed by a growth in services even as the manufacturing sector shrank
Policy rate increased by 25 bps to a 4-year high of 6.5%
The issue will also have a greenshoe option to retain an additional 20 billion rupees and will close for subscription later this week
The rupee rose for a second straight week, gaining 0.25% over last week to end at 81.12 per dollar on Jan. 20, as the greenback slid on soft US data
Dealers said Bengal and UP raised amounts via bonds with 15-17 year maturity and cut-off yield above 7.9%; pricing likely to remain under pressure in near term
The current spread is nearly 142 bps lower than the 10-year average spread of 518 bps, and 66 bps lower than the 20-year average spread of 442.3 bps
A narrower spread makes it less attractive for foreigners to invest in rupee assets
In the past fortnight, the average daily selling by overseas funds has moderated to less than Rs 1,400 crore, compared with nearly Rs 3,500 crore in the preceding fortnight
Signs of weakening economic growth worldwide raising questions over the degree of policy tightening by central banks
This week, spread between weighted average 10-year SDL and 10-year GOI bond yield was up slightly to 37 bps from 36 bps earlier