Bond Yield

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

If bond yields continue to climb, Nifty valuations will have to lower to maintain the gap

By Bharat Gautam

CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each

I do not see yields climbing as much as some predict, says Brandt

Oil prices jumped more than $3 on the day, pushing global benchmark Brent to above $111 a barrel as European Union nations considered joining the United States in a Russian oil embargo

Brent crude futures fell as much as $4 a barrel and European gas prices slipped to 115 euros per megawatt hour, some 100 euros below recent peaks

India's retail inflation is now over the upper limit of the Reserve Bank of India's tolerance band, accelerating to a seven-month high just above 6% in January

The BOJ said last week it would buy an unlimited amount of 10-year government bonds at 0.25% to prevent rising global yields from pushing up domestic borrowing costs too much