Benchmark 10-year bond yield is likely to move between 6.81 per cent and 6.85 per cent till the completion of the auction, compared with its previous close of 6.8329 per cent
NHB received bids worth Rs 4,950 crore at a coupon of 7.16 per cent and Rs 4,310 crore at a coupon of 7.15 per cent
Investors now see an 83 per cent chance of a December rate cut, up from 59 per cent a day ago, and 70 per cent a week ago, according to the CME FedWatch tool
Sales in the fiscal year starting April 1, 2025, are likely to be higher on redemption of debt issued during the Covid years
The announcement comes just three months after India imposed controls on foreign ownership of some newly issued bonds with 14-year and 30-year tenors
The demand at the auction was better than in previous buyback auctions conducted by the RBI in the current financial year
The benchmark 10-year yield is likely to move between 6.84 per cent and 6.87 per cent
Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster coverage, have been handing investors double-digit returns
Traders will, however, watch out for minutes from the latest policy meetings of Fed and Reserve Bank of India
US Treasury yields nosedived on Friday after data showed the world's largest economy created fewer jobs than expected in July and the unemployment rate rose, boosting bets of aggressive rate cuts
The persistent purchases by foreign participants will reduce the pressure on local banks to absorb supply
The decision on exclusions from the FAR category is not based on any consideration of volatility
Earlier this month, the bank had raised Rs 1,000 cr via Basel III compliant tier II bonds maturing in 10 years at a coupon of 7.89 per cent
Central bank has designated class of bonds that can have full foreign ownership, JPMorgan Chase & Co. has included securities from this set of bonds into its emerging markets index that India joined
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
Markets regulator Sebi on Wednesday drastically cut the face value of debt securities to Rs 10,000 from Rs 1 lakh at present to boost participation of retail investors in the corporate bond market. Market participants are of the view that lower ticket size of debt securities may encourage more non-institutional investors to participate in the corporate bond market which in turn may also enhance liquidity. In a circular, Sebi said, "the issuer may issue debt security or non-convertible redeemable preference shares on private placement basis at a face value of Rs 10,000". This, however, would be subject to certain conditions like the issuer should appoint at least one merchant banker, and non-convertible debentures and non-convertible redeemable preference shares be plain vanilla, interest or dividend-bearing instruments. Sebi said that credit enhancements would be permitted in such instruments. With respect to General Information Document (GID), which is valid as on the 'effective
BOJ will continue to buy government bonds at the current pace of roughly 6 trillion yen ($38 billion) per month for now
The 10-year US Treasury yield fell by 8 basis points to 4.32 per cent on Thursday
Bond yields shot up on Tuesday and have largely remained elevated after a weakened mandate for Prime Minister Narendra Modi's party
Focus has shifted to US bond yields and oil prices, with the market digesting Prime Minister Narendra Modi's smaller victory margin for a third term.