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Yields are rising in the US bond market Friday following a highly anticipated report on the US job market. The US stock market is closed in observance of Good Friday, as are many markets across Europe. That leaves the US bond market as one of the few open to react to the latest jobs update, which showed hiring lost a bit more momentum than expected last month but largely remained resilient. The data was so anticipated because it could offer a big clue for the Federal Reserve, which faces a tough decision on interest rates that will affect the entire economy. Should it keep raising rates in order to drive down inflation that's still high? Or should it hold off given all the signs of slowing across the economy and stress in the banking system that's already been caused by the past year's swift surge in rates? The immediate reaction from the bond market Friday morning seemed to lean toward another hike. Not only did yields rise for Treasurys, so did bets for the Fed to raise rates by
The 10 year g-sec yield is expected to be at 7.0 per cent as against 7.21 per cent currently by end March 2024
The currency opened at 82.08 a dollar as against Monday's close of 82.33 due to weaker job data in the US and went on to touch 81.92 levels on corporate inflows
Following govt's latest move, tax would be computed on based the investor's tax bracket; levy could be as high as 30%; Centre's step puts the tax for MF units at parity with that for bank FD
The move could bring early relief to the market when they open on Monday. The rupee non-deliverable forwards market signalled a slightly weaker rupee on open
The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB
Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future
AT-1 coupon rates rise as inflation, US bond selloff sour view on bonds
LIC Housing raises 1,150 cr against Rs 3,000 cr planned
The cut-off yield for the five-year green bond was set at 7.23% while that for the 10-year green bond was set at 7.30%
Traders expect the excess cash with banks to dry up significantly over the next three to four months
The MPC's optimistic growth outlook for H2 FY2024 augurs well for the credit demand for the banking sector as well as the lenders, said Karthik Srinivasan of Icra
The non-deliverable forward suggests that the rupee will open at around 82.68-82.74, compared with 82.7250 in the previous session
The RBI is widely expected to raise interest rates by 25 basis points (bps) on Wednesday, which many traders believe will be the last before a prolonged pause
Last auction before Budget sees weak demand; market fears large borrowing in FY24
Mismatch in YTM growth because shorter-end of yield curve more responsive to rate changes, say experts
Government bond yields are expected to tick up as investors shift focus to the upcoming budget
Total amount raised crossed Rs 6,000 crore since inception in 2022
The benchmark yield had dipped earlier in the day, as a fall in oil prices and U.S. yields supported buying sentiment for bonds
YTMs of all debt fund categories, except credit risk and overnight, in a narrow range of 6.3-7.3%