India's Govt Bonds May Be Added To Global Index: Report; Check Details
2 years, 4 months ago

India's Govt Bonds May Be Added To Global Index: Report; Check Details

News 18  

India’s government bonds may be added to JPMorgan’s GBI-EM Global Diversified Bond Index next year, according to a Bloomberg report. The report, quoting Goldman Sachs Group, said India, which is a large, deep and high-yielding market, would help to diversify as well as boost the average yield of the overall index. The country’s sovereign bonds could be added to the global index with an initial weightage of 10 per cent, said the Bloomberg report quoting a note authored by analysts Danny Suwanapruti and Santanu Sengupta. “Adding India, which is a large, deep and high-yielding market, would help to diversify as well as boost the average yield of the overall index… Such a move would be beneficial to various stakeholders, including EM investors and the Indian government,” the report said quoting the analysts.

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History of this topic

Foreign investors buy $1 billion of Indian bonds on bets of policy easing after GDP data
2 weeks, 5 days 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 …

India rupee to gauge portfolio flows, bond yields to eye US peers
4 weeks, 1 day 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
1 month 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
1 month 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 …

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

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty
1 month, 3 weeks ago

India Emerges as a Safe Haven for Global Investors Amid Market Uncertainty

Live Mint  

Global funds are turning to India as a haven amid financial market uncertainties caused by the US election. The country's bonds have been performing well, with its sovereign bonds remaining relatively stable despite a global selloff of US Treasuries. India's currency, the rupee, offers minimal volatility compared to other emerging market currencies, making it a popular destination for investors seeking …

India’s ‘sweet spot’ lures bond funds amid global market turmoil
4 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 …

India eases paperwork for foreign bond investors amid inclusion in JPMorgan’s emerging market bond index
5 months, 3 weeks ago

India eases paperwork for foreign bond investors amid inclusion in JPMorgan’s emerging market bond index

Live Mint  

India is taking steps to reduce the paperwork required for foreign investors to purchase its sovereign bonds, according to a Bloomberg report citing an unnamed source. This move follows a Bloomberg report highlighting foreign investors' challenges due to the extensive paperwork involved. This initiative coincides with India’s inclusion in JPMorgan’s emerging market bond index on Friday. Simplification process explained The …

Bonds, Indian bonds: Are they outshining those in other emerging markets?
5 months, 3 weeks ago

Bonds, Indian bonds: Are they outshining those in other emerging markets?

Firstpost  

Compared to most of these countries, India’s bond market is an outperformer, whether it be in terms of size, stability, potential for investment, or yields. File image India’s inclusion in the JP Morgan Government Bond Index-Emerging Markets, effective Friday is being hailed as a major milestone. Bond market size With indexed bonds amounting to over $400 billion in outstanding value, …

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors
5 months, 3 weeks ago

How Indian bonds inclusion in JP Morgan index will affect rupee value, economy, businesses, and investors

Firstpost  

India’s inclusion in the JP Morgan emerging markets bond index is likely to strengthen the rupee by attracting significant foreign inflows. The inclusion in JP Morgan’s index creates a pathway for foreign investors to participate more actively in the Indian bond market. Impact on the rupee When foreign investors buy Indian bonds, they must convert their currency, such as US …

Indian government bonds included in JPMorgan emerging market index: What happens next?
5 months, 3 weeks ago

Indian government bonds included in JPMorgan emerging market index: What happens next?

Hindustan Times  

India is projected to receive billions of dollars in inflows after its inclusion in the JPMorgan Chase & Co emerging markets index on Friday, which will open up the country’s $1.3 trillion bond market to a broad range of foreign investors. While investors worldwide have already invested close to $11 billion in Indian bonds that are eligible to be included …

Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork: Report
5 months, 3 weeks ago

Foreign investors find it hard to invest in Indian government bonds due to heavy paperwork: Report

Hindustan Times  

Despite India’s $1.3 trillion sovereign bond market becoming very attractive for foreign investors, they face a lot of challenges ranging from lengthy documentation to the intricacies of settling a trade and the complexities of paying taxes on any profits, Bloomberg reported. This became obvious as foreign investors are eagerly buying bonds before they’re added to JPMorgan Chase & Co.’s main …

Why world's biggest bond investors are set to bet big on India
6 months ago

Why world's biggest bond investors are set to bet big on India

Firstpost  

JPMorgan is set to include India in its largest emerging-market bond index on 28 June. From higher return on investment to strength of the Indian economy, we explain the factors reeling in investment in the Indian government’s debt The Indian bond market is expected to see an additional inflow of $40 billion from foreign investors. Source: Moneycontrol Factors driving investors …

JPMorgan Ignites $40 Billion Rush Into Indian Bonds
6 months ago

JPMorgan Ignites $40 Billion Rush Into Indian Bonds

Bloomberg  

For decades, the titans of global finance viewed India as just another emerging market—a place with the potential for substantial gains, but risky enough to be kept at the periphery of a portfolio. “There is a very strong case for India over the medium to longer term to have more of a place in people’s portfolios,” says Jae Lee, a …

Inclusion in Global Indices to Bring USD 40 bn Foreign and Equivalent Domestic Capital
9 months ago

Inclusion in Global Indices to Bring USD 40 bn Foreign and Equivalent Domestic Capital

Deccan Chronicle  

HYDERABAD: India’s inclusion in the JP Morgan Global EM Bond Index and Bloomberg EM Local Currency Government indices will see annual foreign investment of $30-$40 billion over the next five years and free up equivalent amount of domestic capital investment by the private sector, finds the World Bank. By 2023-end JP Morgan announced India’s inclusion in its Global EM Bond …

India’s Markets Are Turning Into an Inexorable Force
11 months, 1 week ago

India’s Markets Are Turning Into an Inexorable Force

Bloomberg  

Anyone wondering whether the India juggernaut is sustainable will find the answer in bonds, which have a penchant for discerning the way of the world and telling every other market what to do. At least $1 trillion of government securities traded multiple times annually in the most populous nation and biggest democracy are poised to become the darling of international …

Why Entry Into JPMorgan Bond Indices is a Major Win for India - News18
1 year, 2 months ago

Why Entry Into JPMorgan Bond Indices is a Major Win for India - News18

News 18  

A quiet transformation that has gone less noticed in India is that of its debt market which is in for a big overhaul. Getting benchmarked on these two indices would lead to about $30 billion in inflows into Indian debt paper that’s largely confined to government banks and financial institutions. As per reports, large investors in government debt internationally expected …

JPMorgan global bond index: What does it mean for India?
1 year, 2 months ago

JPMorgan global bond index: What does it mean for India?

Live Mint  

In September 2023, JP Morgan made the much-awaited announcement of India's inclusion in the Government Bond Index. India’s inclusion in the bond index Indian sovereign bonds will be included in the Government Bond – Emerging Market Index. Benefits of inclusion in the JP Morgan global bond index As per experts, India's inclusion in the GBI-EM index is expected to attract …

JPMorgan to include India in its emerging market debt index
1 year, 3 months ago

JPMorgan to include India in its emerging market debt index

Live Mint  

JPMorgan said it will include Indian government bonds in its widely tracked emerging market debt index. India's local bonds will be included in the Government Bond Index-Emerging Markets index and the index suite, benchmarked by about $236 billion in global funds according to JPMorgan. “India's weight is expected to reach the maximum weight threshold of 10% in the GBI-EM Global …

Why are global bond yields rising?
1 year, 4 months ago

Why are global bond yields rising?

Live Mint  

Global bond yields are flaring up to the levels unseen in years, drawing support from strong macroeconomic data that makes a case for continuing with the monetary tightening policy through interest rate hikes. The US treasury yields have climbed almost 40 bps month-to-date amid rising bets that interest rates will remain elevated for longer. However, while the 10-year US yield …

Global market: US treasury yields to SGX - Key triggers for Indian stock market
1 year, 8 months ago

Global market: US treasury yields to SGX - Key triggers for Indian stock market

Live Mint  

US shares slipped on Tuesday while treasury yields fell after rising and gold rose as investors anticipate higher interest rates by the Federal Reserve in the path ahead. Indian indices may witness a higher start as SGX Nifty, Singapore Nifty that is the Indian Nifty traded in the Singapore Stock Exchange, indicates a green opening for the Indian stock market …

Sovereign green bonds: Know the risks and rewards
1 year, 10 months ago

Sovereign green bonds: Know the risks and rewards

Live Mint  

The Reserve Bank of India recently auctioned its maiden sovereign green bonds worth ₹8,000 crore. These comprised sovereign green bonds 2028 and sovereign green bonds 2033 with a cut-off yield of 7.10% and 7.29%, respectively, a few basis points lower than the G-sec of the same tenure. Those who are interested in knowing how the funds are invested, note that …

India to enter green bond market with $1 billion debut auction on Wednesday
1 year, 11 months ago

India to enter green bond market with $1 billion debut auction on Wednesday

Business Standard  

India to enter green bond market with $1 billion debut auction on Wednesday If this sovereign auction is over-subscribed and the cutoff yield materially lower than regular government bonds, it would encourage larger green issuance next year Premium This offering will be sold in 5-year and 10-year tenors via a uniform price auction on Jan. 25; a second, similar offering …

Govt bond market likely to see an explosion of new products in FY24
1 year, 11 months ago

Govt bond market likely to see an explosion of new products in FY24

Business Standard  

Govt bond market likely to see an explosion of new products in FY24 All the state governments now have a significant presence in the bond market, having sharply lowered their dependence on the Centre for borrowing ever since Covid struck Premium The volumes are expected to rise soon in FY24, from the Rs 16,000 crore earmarked to be raised from …

The test for India’s sovereign green bonds
2 years, 1 month ago

The test for India’s sovereign green bonds

Live Mint  

The Indian government is all set to debut in the green bonds market soon, as laid out in the Union Budget earlier this year. Corporates have been issuing green bonds in India for a few years in a growing market, but the country’s global share stood at just 1% in the first half of 2022. Big corporations such as Adani …

Foreign investors sell $500 million of India govt bonds in two days
2 years, 1 month ago

Foreign investors sell $500 million of India govt bonds in two days

Live Mint  

Foreign investors have sold Indian government debt worth nearly $500 million in the past two sessions, with the so-called FAR bonds bearing the brunt of a selloff that traders note is ahead of the Federal Reserve's policy decision and crucial U.S. data. These investors have net sold bonds worth ₹4,110 crore over Friday and Monday, CCIL data showed, with more …

JPMorgan refrains from adding India to bond index, keeps on watch
2 years, 2 months ago

JPMorgan refrains from adding India to bond index, keeps on watch

Live Mint  

JPMorgan Chase & Co. is keeping Indian government bonds off its emerging-market sovereign bond index for now, citing investment hurdles that must be resolved for the inclusion to take place. The decision to refrain from adding the bonds to the JPMorgan Government Bond Index-Emerging Markets -- while keeping them under review for inclusion -- was based on investor feedback, the …

India Inc is losing appetite for offshore debt
2 years, 5 months ago

India Inc is losing appetite for offshore debt

Live Mint  

The pandemic-era overseas borrowing boom by Indian companies has started to slow as interest rates rise, the currency weakens, and the appetite for emerging market bonds diminishes. Measures announced by the Reserve Bank of India easing overseas borrowings by companies, including doubling the annual limit under the automatic route to $1.5 billion and raising the all-in cost cap for foreign …

India’s 10-yr bond yield hits 2-year high tracking US peers, crude
2 years, 11 months ago

India’s 10-yr bond yield hits 2-year high tracking US peers, crude

Live Mint  

India's benchmark 10-year bond yield hit a two-year high on Monday, tracking an uptick in U.S. yields and a continued rise in global crude oil prices which has raised expectations of rate increases by the Reserve Bank of India. India's benchmark 10-year bond yield rose 6 basis points from Friday's close to 6.64%, its highest since Jan. 22, 2020. The …

Record defaults are clouding India’s stock, bond markets
3 years, 7 months ago

Record defaults are clouding India’s stock, bond markets

Live Mint  

Credit markets are sounding warnings for other asset classes amid India’s unprecedented surge in Covid-19 cases. “One can’t expect there will be good news on the economy, good news on earnings and stock prices will go up,” said Sunil Subramaniam, managing director of Sundaram Asset Management Co. “It is undoubtedly, going to be a volatile period for the market.” Equities …

India is likely to be included in global bond index by October: Report
3 years, 9 months ago

India is likely to be included in global bond index by October: Report

Live Mint  

India is confident of getting included in a global bond index by October but it will not be able to raise funds in the coming financial year as the actual listing could take around 12 months after its inclusion, said two senior sources aware of the discussions. Since 2019, India has been working toward getting included in global bond indexes …

Bond investors see RBI curbing yields amid India’s supply deluge
3 years, 10 months ago

Bond investors see RBI curbing yields amid India’s supply deluge

Live Mint  

India is set to sell another Rs260 billion of bonds on Friday amid rising expectations that the central bank will step into the market to keep yields from rising too far. Surprise demand at a special auction of government debt on Thursday spurred talk that state-run banks and primary dealers were scooping up bonds to sell to the Reserve Bank …

RBI pushes yield on 10-year G-secs back to below 6%
3 years, 10 months ago

RBI pushes yield on 10-year G-secs back to below 6%

Live Mint  

The Reserve Bank of India on Thursday forced down yield on the 10-year benchmark bond below 6% in a special auction of government securities, smoothening the government’s massive borrowing programme. The ‘others’ category, which typically includes the monetary authority, insurance and pension funds, bought ₹25,000 crore of bonds in the secondary market, its biggest purchase, according to Clearing Corporation of …

Efforts on to Include Indian Govt Bonds in Global Indices from Next Year: DEA Secretary
4 years ago

Efforts on to Include Indian Govt Bonds in Global Indices from Next Year: DEA Secretary

News 18  

The government is working on inclusion of Indian sovereign bonds in global bond indices from next year, Economic Affairs Secretary Tarun Bajaj said on Friday. "We are also now working on the inclusion of Indian government sovereign bonds into the global bond indices, and we hope that this should happen in the next year, and this will definitely help," Bajaj …

India’s bond rally unlikely to lure global funds: PineBridge
4 years, 3 months ago

India’s bond rally unlikely to lure global funds: PineBridge

Live Mint  

The gains in Indian bonds sparked by the central bank’s measures to ease the market’s debt-supply burden will peter out soon and foreigners are unlikely to buy unless government finances improve, according to PineBridge Investments. “The gap in the government’s budget needs to be filled for foreign investors to return over the long-term,” said Anders Faergemann, a London-based senior money …

India among top three emerging markets globally
4 years, 4 months ago

India among top three emerging markets globally

Live Mint  

For the first time since covid-19 was declared a global pandemic in March, India found itself among the top three emerging markets in July, the latest update to Mint’s emerging markets tracker shows. Graphic: Mint Mint’s Emerging Markets Tracker, launched in September last year, takes into account seven high-frequency indicators across ten large emerging markets to help us make sense …

India Hikes Exposure to US Govt Securities By Nearly $13 Billion in May
4 years, 4 months ago

India Hikes Exposure to US Govt Securities By Nearly $13 Billion in May

News 18  

India's holdings of American government securities increased by nearly $13 billion to $169.9 billion at the end of May, according to latest official data. After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May, an increase of around $13 billion in a month's time. The country was the 12th largest holder of the American …

RBI buys so many US dollars that it ends up supporting debt market
4 years, 5 months ago

RBI buys so many US dollars that it ends up supporting debt market

Live Mint  

The Reserve Bank of India has accumulated so many dollars recently that it’s having a knock-on impact on the nation’s sovereign debt market. “The central bank’s FX policy is achieving multiple objectives of augmenting reserves, creating liquidity that’s helping demand for bonds, and at the same time curbing rupee volatility,” said Naveen Singh, head of fixed-income trading at ICICI Securities …

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