India bond yields may inch up on elevated state debt supply
3 weeks, 3 days ago

India bond yields may inch up on elevated state debt supply

Live Mint  

By Dharamraj Dhutia MUMBAI, March 3 - Indian government bond yields are expected to rise at the start of the last month of the financial year, which will begin with a heavier-than-scheduled supply of debt by Indian states. Indian states aim to raise 505 billion rupees on Tuesday, and the quantum is over 100 billion rupees higher from the pre-announced calendar. "There is no major support for the bulls currently, and as we enter the last month of the financial year, more caution will prevail and yields could see upward pressure due to excessive supply from states," the trader said. Since mid-January, the central bank has infused more than 3.60 trillion rupees into the banking system through a combination of tools such as primary and secondary market bond purchases, forex swaps and early-April maturity repos.

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History of this topic

Indian bonds rally on demand boost; 10-year yield’s weekly fall most in 4 months
6 days, 7 hours ago

Indian bonds rally on demand boost; 10-year yield’s weekly fall most in 4 months

Live Mint  

By Khushi Malhotra and Dharamraj Dhutia MUMBAI, March 21 - Indian government bonds rallied this week, with the 10-year benchmark bond yield falling the most in four months, amid growing expectations that another domestic rate cut could unleash pent up investor demand. Indian government bonds were not performing due to tight liquidity conditions, but now there is high demand, said …

Municipal bond issuances in India to exceed ₹1,500 crore in FY 2025-26, driven by government push: ICRA
1 week, 1 day ago

Municipal bond issuances in India to exceed ₹1,500 crore in FY 2025-26, driven by government push: ICRA

Live Mint  

New Delhi, March 19 : Municipal bond issuances in India are expected to raise more than ₹1,500 crore in the Financial Year 2025-FY2026, primarily driven by the Government's push, according to a report by ICRA. The municipal bond market in India has gained significant traction in recent years, especially since FY2018, largely due to fiscal incentives introduced by the Government …

Indian bond yields track US peers lower, state debt sale in focus
2 weeks, 2 days ago

Indian bond yields track US peers lower, state debt sale in focus

Live Mint  

By Dharamraj Dhutia MUMBAI, March 11 - Indian government bond yields dipped in the early session on Tuesday, tracking a sharp decline in U.S. Treasury yields, but the decline was limited as traders braced for heavy supply from states. The U.S. 10-year yield eased by 11 basis points on Monday as demand for safe-haven assets increased after President Donald Trump …

India bond yields could inch up as Treasury yields rise, supply hurts
2 weeks, 3 days ago

India bond yields could inch up as Treasury yields rise, supply hurts

Live Mint  

By Dharamraj Dhutia MUMBAI, March 10 - Indian government bond yields are expected to inch higher at the start of the week, tracking an uptick in U.S. Treasury yields as well as elevated supply of debt from states. U.S. yields rose on Friday after Federal Reserve Chair Jerome Powell indicated the central bank could be patient in determining when to …

Heavy debt supply to further push up cost of borrowing for Ind
Trending News
3 weeks, 1 day ago

Heavy debt supply to further push up cost of borrowing for Ind

Live Mint  

By Dharamraj Dhutia MUMBAI - Heavier-than-expected supply of debt from Indian states has resulted in a jump in the premium they pay over the corresponding central government bonds, and this is set to rise further as the overall supply is on track to hit a record high in fiscal 2025. Heavy state borrowing would also increase the country's overall debt-to-GDP …

Heavy debt supply to further push up cost of borrowing for Indian states
3 weeks, 1 day ago

Heavy debt supply to further push up cost of borrowing for Indian states

Live Mint  

By Dharamraj Dhutia MUMBAI, March 5 - Heavier-than-expected supply of debt from Indian states has resulted in a jump in the premium they pay over the corresponding central government bonds, and this is set to rise further as the overall supply is on track to hit a record high in fiscal 2025. Heavy state borrowing would also increase the country's …

Indian bonds consolidate as 10-year bond yield tops 6.75%
3 weeks, 1 day ago

Indian bonds consolidate as 10-year bond yield tops 6.75%

Live Mint  

By Dharamraj Dhutia MUMBAI, March 5 - Indian government bond yields consolidated on Wednesday after the benchmark bond yield rose above the 6.75% mark to its highest in over six weeks as broader sentiment remained cautious amid heavy debt supply. States raised 505 billion rupees through a sale of bonds on Tuesday, with cutoff yields higher than anticipated, indicating weak …

India bond yields seen little changed as traders search for fresh triggers
3 weeks, 1 day ago

India bond yields seen little changed as traders search for fresh triggers

Live Mint  

By Dharamraj Dhutia MUMBAI, March 5 - Indian government bond yields are expected to be largely unchanged in early deals on Wednesday, as market participants continue to await fresh triggers at a time when appetite for longer-duration debt is waning. Daily average trading volume in the last four sessions has declined to 366 billion rupees, down from 423 billion rupees …

India bond yields may inch down tracking US peers; fall capped before state debt sale
3 weeks, 2 days ago

India bond yields may inch down tracking US peers; fall capped before state debt sale

Live Mint  

By Dharamraj Dhutia MUMBAI, March 4 - Indian government bond yields are expected to ease slightly in early deals on Tuesday, tracking a further drag in U.S. Treasury yields, but the fall will be capped ahead of a heavier-than-scheduled supply of Indian state debt. "But the declines are likely to be countered by selling, as traders make way for a …

India bond traders eye debt auction, GDP data for directional cues
3 weeks, 6 days ago

India bond traders eye debt auction, GDP data for directional cues

Live Mint  

By Dharamraj Dhutia MUMBAI, Feb 28 - Indian government bond yields were largely unchanged in early deals on Friday, as market participants awaited a weekly auction as well as domestic GDP growth data. New Delhi aims to raise 320 billion rupees through a sale of bonds, in what would be the last scheduled auction for central government bonds for the …

India bond yields seen little changed ahead of state debt sale
1 month ago

India bond yields seen little changed ahead of state debt sale

Live Mint  

By Dharamraj Dhutia MUMBAI, Feb 25 - Indian government bond yields are expected to be largely flat in early deals on Tuesday, as traders awaited fresh supply of debt through securities auctions by states, while shorter duration bonds remain supported on central bank's liquidity infusion. Since mid-January, the RBI has infused more than 3.6 trillion rupees into the banking system, …

India short bond yields dip as dovish RBI aids sentiment
1 month ago

India short bond yields dip as dovish RBI aids sentiment

Live Mint  

MUMBAI, Feb 24 - Indian benchmark bond yield ended little changed on Monday, while shorter-duration bond yield declined, as the central bank's longer-term liquidity infusion plan and dovish commentary aided sentiment. "Given unanimity in views at the committee about lacklustre growth despite recent revival, and signs of more conviction about food inflation that has been a key headwind, the case …

Demand for debt sale to guide Indian bonds before RBI minutes
1 month ago

Demand for debt sale to guide Indian bonds before RBI minutes

Live Mint  

By Dharamraj Dhutia MUMBAI, Feb 21 - Indian government bond yields were largely unchanged on Friday as market participants awaited the outcome of the weekly debt auction and the minutes of the central bank's latest policy meeting. New Delhi aims to raise 340 billion rupees in its penultimate debt sale for the current financial year that ends in March. On …

India bond yields seen steady before key events
1 month, 1 week ago

India bond yields seen steady before key events

Live Mint  

By Dharamraj Dhutia MUMBAI, Feb 18 - Indian government bonds are expected to trade largely unchanged in early deals on Tuesday, as investors await key market-moving events, including debt purchase by the central bank and Federal Reserve minutes, in the second half of the week. The Reserve Bank of India will buy bonds worth 400 billion rupees on Thursday, which …

India rupee to take cues from dollar path, tariff reaction; bonds to eye liquidity moves
1 month, 1 week ago

India rupee to take cues from dollar path, tariff reaction; bonds to eye liquidity moves

Live Mint  

By Dharamraj Dhutia and Nimesh Vora MUMBAI, Feb 17 - The Indian rupee's direction this week will be shaped by the dollar's reaction to its recent correction and whether worries over U.S. tariffs continue to subside, while the bond market will be on watch for any further liquidity infusion measures by the central bank. That was largely due to the …

RBI to inject $16 billion liquidity boost into banking system next week amid tax outflows: Report
1 month, 1 week ago

RBI to inject $16 billion liquidity boost into banking system next week amid tax outflows: Report

Live Mint  

India's central bank, the Reserve Bank of India, is set to ramp up the liquidity in the nation's banking system through the infusion of $16 billion by next week amid the large tax outflows, reported the news agency Reuters. The central bank has doubled the amount of government securities that the nation aims to buy to $4.61 billion, based on …

Indian bond yields rise as central bank policy, weak rupee weigh on sentiment
1 month, 2 weeks ago

Indian bond yields rise as central bank policy, weak rupee weigh on sentiment

Live Mint  

By Dharamraj Dhutia MUMBAI, Feb 10 - Indian government bond yields rose in early trading on Monday as investors remained cautious following the central bank's monetary policy decision, while the local currency's decline also weighed on sentiment. "Bonds are facing impact from a combination of factors, including the day two impact of central bank's monetary policy decision, constant fall in …

RBI’s sovereign bonds holdings to be treated at par with market; direct debt switch unlikely in FY26: Report
1 month, 3 weeks ago

RBI’s sovereign bonds holdings to be treated at par with market; direct debt switch unlikely in FY26: Report

Live Mint  

The Reserve Bank of India 's holding of sovereign bonds, due to mature in the next financial year 2025-26 will likely be treated at par with the market by the government rather than swapped for longer-dated debt. A government official told news agency Reuters that the RBI holds around ₹1 lakh crore of bonds maturing in FY26, as per market …

India bond yields a tad up before budget, 10-year yield posts monthly decline
1 month, 3 weeks ago

India bond yields a tad up before budget, 10-year yield posts monthly decline

Live Mint  

By Dharamraj Dhutia MUMBAI, Jan 31 - Indian government bond yields ended marginally higher on Friday as market participants await the annual budget for directional triggers. Economists polled by Reuters expect New Delhi to stick to a fiscal deficit target of 4.5% of gross domestic product for the financial year starting in April when it presents the budget on Feb. …

India 10-year bond yield nosedives to 3-year low on central bank’s buying
2 months ago

India 10-year bond yield nosedives to 3-year low on central bank’s buying

Live Mint  

By Dharamraj Dhutia MUMBAI, Jan 27 - Indian government bond yields plunged at a start of a busy week, with the 10-year plummeting to a three-year low, as surprise bond purchases by the central bank boosted investor sentiment. The benchmark yield ended at 6.6800%, the lowest for 10-year bond yield since Feb. 18, 2022, compared with the previous close of …

India central bank opts for bond purchases in week to Jan 17
2 months ago

India central bank opts for bond purchases in week to Jan 17

Live Mint  

By Dharamraj Dhutia MUMBAI - The Reserve Bank of India made net purchases of government bonds in the secondary market last week, marking the first such operation in over three years, data released on Friday showed. The RBI net bought bonds worth 101.75 billion rupees in the week ending Jan. 17. India's banking system liquidity has stayed in deficit since …

India bond yields to track rupee’s moves for direction
Trending News
2 months, 1 week ago

India bond yields to track rupee’s moves for direction

Live Mint  

By Dharamraj Dhutia MUMBAI, Jan 14 - Indian government bond yields are expected to be largely unchanged in early deals on Tuesday as it awaits the direction of the local currency, while U.S. yields remain elevated on dwindling bets of a rate cut in the world's largest economy. The Indian rupee ended at a fresh record low of 86.5750 and …

Mint Quick Edit | Can India’s sovereign bonds attract more foreign inflows?
2 months, 2 weeks ago

Mint Quick Edit | Can India’s sovereign bonds attract more foreign inflows?

Live Mint  

Reports suggest that the Securities and Exchange Board of India will soon ease the way for foreign portfolio investors that intend to invest only in government securities. While these bonds saw inflows of about $14.5 billion via the “fully accessible route" in 2024, aided partly by their inclusion in the JP Morgan Emerging Market Index, more FPI money would have …

India bond traders eye debt sale, data for directional triggers
2 months, 2 weeks ago

India bond traders eye debt sale, data for directional triggers

Live Mint  

By Dharamraj Dhutia MUMBAI, Jan 10 - Indian government bond yields were largely unchanged in early deals on Friday, as market players awaited fresh supply from the weekly debt auction and key data for further directional moves. "Demand at the auction followed by U.S. job readings and inflation data would drive the market in the near term," a trader said. …

Indian bond yields extend fall as foreign banks build positions
2 months, 2 weeks ago

Indian bond yields extend fall as foreign banks build positions

Live Mint  

By Nimesh Vora MUMBAI, Jan 7 - Indian government bond yields dipped on Tuesday, adding to the previous session's decline, as foreign banks built fresh positions in the New Year, traders said. It looks like foreign banks are "taking up" fresh position in the New Year, a trader at a state-run bank said. Foreign banks bought government securities worth 35.45 …

India bond yields seen little changed; 2025 starts with supply pressure
2 months, 3 weeks ago

India bond yields seen little changed; 2025 starts with supply pressure

Live Mint  

By Dharamraj Dhutia MUMBAI, Jan 2 - Indian government bond yields are likely to be little changed in early deals on Thursday, as traders await fresh supply a day later. "The benchmark bond yield could move to par levels, but any major rise in the yield beyond 6.79%-6.80% seems unlikely for today," the trader said. Bond yields declined in 2024, …

RBI to auction ₹4.73 lakh crore in govt bonds from January 2025
2 months, 3 weeks ago

RBI to auction ₹4.73 lakh crore in govt bonds from January 2025

Hindustan Times  

The Reserve Bank of India will sell government bond worth ₹4.73 lakh crore in January-March quarter of 2025 on State Governments and Union territories. In the January–March quarter of 2025, the Reserve Bank of India will provide government bonds for State Governments and Union territories totalling ₹ 4.73 lakh crore. The central bank informed that the actual amount of borrowings …

Investor push on 2024’s final trading session nudges Indian bond yields down
2 months, 3 weeks ago

Investor push on 2024’s final trading session nudges Indian bond yields down

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 31 - Indian government bond yields declined in early deals of the last trading session of 2024 as investors took fresh positions, while a downward tick in U.S. yields aided sentiment. "Fresh positioning is aiding, because majority view is that yields will move at least 10-15 basis points lower from its current levels in the …

India bond yields flat in thin activity before year-end
2 months, 3 weeks ago

India bond yields flat in thin activity before year-end

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 30 - Indian government bond yields were little changed on Monday, even as U.S. Treasury yields remained elevated, with market participants seeking a firm direction towards the end of the year. The daily average trading volume has dropped to around 381 billion rupees over the last two weeks from 719 billion rupees in the prior …

India rupee may dip, bond yields to track US peers
2 months, 3 weeks ago

India rupee may dip, bond yields to track US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Dec 30 - The Indian rupee is expected to trade with a bearish bias this week after slumping to a record low on Friday, with traders watching out for how sternly the central bank defends the local currency while bond yields will track U.S. peers and the rupee. Given the "weak global set-up …

India bond yields seen a tad higher ahead of debt supply
3 months, 2 weeks ago

India bond yields seen a tad higher ahead of debt supply

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 13 - Indian government bonds are expected to rise marginally in early deals on Friday, as market participants await a fresh supply of debt through the weekly auction, while elevated U.S. yields will continue to weigh on sentiment. New Delhi aims to raise 370 billion rupees through the sale of bonds later in the day, …

India’s 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank’s Prasanna says
3 months, 2 weeks ago

India’s 10-year bond yield may fall to 6.6% if RBI eases in Feb, ICICI Bank’s Prasanna says

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 11 - Indian government bond yields may trend in a narrow range in the near term, but the benchmark bond yield could ease to levels seen three years ago if the central bank cuts interest rates in its next policy meeting, the treasurer at ICICI Bank said. Going into the next year, if there is …

RBI signals cautious optimism on growth-inflation balance
3 months, 3 weeks ago

RBI signals cautious optimism on growth-inflation balance

Live Mint  

The Reserve Bank of India’s monetary policy on 6 December voted 4:2 to keep the policy repo rate unchanged at 6.50%. After the October ’24 inflation data came in at over 6%, the RBI revised the FY25 inflation forecast to 4.8% from 4.5% in its Oct ’24 policy. Liquidity infusion and rate cut prospects Persistent FPI outflows and RBI intervention …

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data
3 months, 3 weeks ago

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data

Live Mint  

Foreign investors have stepped up buying of Indian government bonds in the last four sessions, after weaker-than-expected economic growth data last week spurred expectations of monetary policy easing by the central bank. Foreign investors heavily sold bonds for most of November, as U.S. yields remained elevated after Donald Trump's victory in the presidential election raised doubts about the Federal Reserve's …

Indian bond yields inch higher on profit taking; debt sale eyed
3 months, 3 weeks ago

Indian bond yields inch higher on profit taking; debt sale eyed

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 3 - Indian government bond yields moved marginally higher in early trading on Tuesday, as traders cashed in profits from a two-session price rally after weaker-than-expected economic growth data, while a fresh debt supply was in focus. The yield declined by 10 basis points since data on Friday showed India's economic growth slowed much more …

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn
4 months ago

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn

Live Mint  

Twelve states collectively raised ₹30,790 crore on Tuesday through state government securities auctions for November, reflecting a pick-up in economic activity after a sluggish start to the fiscal year, according to data released by the Reserve Bank of India. Incidentally, state borrowings through dated government securities had seen a rise following a slowdown during Q1FY25, when states raised ₹52,971 crore, …

India bond yields to track US rates; downside largely capped
4 months ago

India bond yields to track US rates; downside largely capped

Live Mint  

By Nimesh Vora MUMBAI, Nov 26 - Indian bond yields are likely to open little changed on Tuesday following the dip in the previous session, with traders keeping an eye on U.S. Treasury yields. The benchmark 10-year bond yield is expected in a 6.81%-6.84% range, having dipped about two basis points on Monday to 6.8226% largely due to a dip …

India rupee to gauge portfolio flows, bond yields to eye US peers
4 months ago

India rupee to gauge portfolio flows, bond yields to eye US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 25 - The Indian rupee will track portfolio flows this week as a global equity index rejig comes into effect, amid foreign portfolio outflows from local stocks and bonds, while government bond yields will track U.S. Treasuries. U.S. personal consumption expenditure data, due Wednesday, will also be in focus this week to …

India bond yields inch up ahead of debt sale on Friday
4 months ago

India bond yields inch up ahead of debt sale on Friday

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 21 - Indian government bond yields trended marginally higher in early deals on Thursday as U.S. yields stayed elevated, while market participants awaited fresh supply through a weekly debt auction on Friday. New Delhi will sell benchmark bond worth 220 billion rupees, which will help increase liquidity and trading in this paper, as well as …

India bond yields marginally down on value buys, fresh cues awaited
4 months, 1 week ago

India bond yields marginally down on value buys, fresh cues awaited

Live Mint  

By Dharamraj Dhutia MUMBAI, Nov 18 - Indian government bond yields trended slightly lower in early deals at the start of another holiday-truncated week amid value purchase from investors after yields rose last week. Meanwhile, U.S. Treasury yields edged higher on Friday and remained elevated during Asian hours as strong U.S. retail sales data and import prices lowered bets of …

India rupee to lean on central bank help; bonds to track US peers
4 months, 1 week ago

India rupee to lean on central bank help; bonds to track US peers

Live Mint  

By Dharamraj Dhutia and Jaspreet Kalra MUMBAI, Nov 18 - The Indian rupee will rely on the central bank's help to counter headwinds this week, as the possibility of slower Federal Reserve interest rate cuts and expectations surrounding Donald Trump's policies boost the dollar and U.S. bond yields. A sharp rise in the dollar and elevated U.S. bond yields since …

Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov
4 months, 1 week ago

Foreign investors sell nearly $1 billion of JPM index-linked Indian government bonds in Nov

Live Mint  

By Dharamraj Dhutia MUMBAI - Foreigners have sold 82.1 billion rupees of Indian government bonds, which are part of the JPMorgan index, so far in November, according to clearing house data on Thursday. "Foreign inflows will likely wait for U.S. yields and dollar index to stabilise before reverting to its pre-October pace," said Nitin Agarwal, head of trading at ANZ …

Indian bond yields rise ahead of domestic, US inflation data
4 months, 2 weeks ago

Indian bond yields rise ahead of domestic, US inflation data

Live Mint  

Mumbai:Indian government bond yields ended slightly higher after a range-bound trading session on Monday, with investors awaiting domestic and U.S. inflation data for clues on the outlook for interest rates. Data due on Tuesday is expected to show that India's retail inflation climbed to a 14-month high of 5.81% in October, primarily due to higher vegetable and edible oil prices. …

India bond yields may inch higher ahead of over $4 bln state debt sale
7 months ago

India bond yields may inch higher ahead of over $4 bln state debt sale

Hindustan Times  

By Dharamraj Dhutia India bond yields may inch higher ahead of over $4 bln state debt sale MUMBAI, - Indian government bond yields may open a tad higher on Tuesday, as traders brace for higher-than-expected supply from states later in the day, while U.S. Treasury yields remained largely unchanged. "With global factors going quite, focus will once again shift to …

India’s ‘sweet spot’ lures bond funds amid global market turmoil
7 months ago

India’s ‘sweet spot’ lures bond funds amid global market turmoil

Hindustan Times  

Global funds have poured money into India’s debt market for 14 weeks in a second streak of buying this year, evidence of the country’s appeal amid the ructions of worldwide financial markets. “India is in a sweet spot from a macro perspective and also from a monetary policy perspective,” said Jenny Zeng, chief investment officer for Asia Pacific fixed income …

Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale
7 months, 3 weeks ago

Bank of Maharashtra raises just Rs 811 crore in infrastructure bond sale

Business Standard  

Bank of Maharashtra raised only Rs 811 crore through a 10-year infrastructure bond issue at a coupon rate of 7.8 per cent on Thursday. In contrast, Canara Bank secured Rs 10,000 crore at a 7.4 per cent coupon rate on July 16. State Bank of India raised Rs 10,000 crore on July 10 at a 7.36 per cent rate for …

Government bonds to be included in JP Morgan index from Friday
9 months ago

Government bonds to be included in JP Morgan index from Friday

New Indian Express  

MUMBAI: The much-anticipated inclusion of government bonds or G-secs in JP Morgan’s emerging market bond index from Friday will bring down the borrowing cost for the government and also increase stable and long-term foreign fund inflows into the domestic market, which many analysts peg at least $25 billion per year. The inclusion will be staggered over a 10-month period from …

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise
9 months, 2 weeks ago

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise

Live Mint  

India's largest lender State Bank of India, announced on June 11 that its board has approved a plan to raise up to $3 billion through debt in the current financial year, as per an exchange filing. The state-owned financial institution plans to secure the funds in multiple tranches via either a public offering or private placement of senior unsecured notes. …

Rupee unlikely to benefit from softer US payrolls, upbeat risk
10 months, 3 weeks ago

Rupee unlikely to benefit from softer US payrolls, upbeat risk

Hindustan Times  

By Nimesh Vora Rupee unlikely to benefit from softer US payrolls, upbeat risk MUMBAI, - The Indian rupee is likely to open largely unchanged on Monday, despite a drop in U.S. Treasury yields and the dollar after the monthly U.S. jobs report made it more likely that the Federal Reserve will cut interest rates later in the year. The 10-year …

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