Bonds Rally

The nation's dollar bonds have returned 20 per cent this year, the top performers

Yield curve flattens; T-bill, 10-year bond spread now at 16 bps versus 222 bps a year ago

The last instalment, which the firm has requested an extension for, is worth Rs 124.72 crore

Indiabulls Housing Finance on Friday opened the public issue of bonds to raise debt capital of up to Rs 800 crore. The public issue of secured, redeemable, non-convertible debentures of face value of Rs 1,000 each, is the tranche III for the non-banking finance company, which closes on October 28, 2022. In a statement, the company said the base issue size is of Rs 100 crore with option to retain over subscription up to Rs 700 crore. The bonds carry coupon rates ranging from 8.33-9.55 per cent per annum, it said, adding that the tenure is of 24 months and 36 months belonging to various series. The NCDs are proposed to be listed on BSE and NSE. The bonds have been rated CRISIL AA/Stable by CRISIL Ratings and [ICRA]AA (Stable) by ICRA. "Net proceeds of the tranche III issue, after meeting the expenditures of and related to the tranche III Issue, at least 75 per cent shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existin

The rise in bond prices came despite an increase in India's consumer price index inflation, which strengthens the case for the Reserve Bank of India to continue tightening monetary policy

US Treasury bonds have stormed world markets until recently. They have now eased up a bit with other commodities finding ground. Bear market meanwhile is still prowling

Global investment-grade debt has returned almost 1% in May, the first monthly gain since July, while US Treasuries are heading for their best month since November

The BSE Sensex has shed 1,844 points from Monday's close ending at 59,464 level today, way below the 60K-mark.

The Dow Jones Industrial Average dropped more than 2% mid-morning on Monday, with the S&P 500 falling 1.5%. The Nasdaq Composite fell nearly 1%.

"Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place," RBI Governor Shaktikanta Das told Business Standard in an interview

The Reserve Bank of India (RBI) continued its easy monetary policy in 2020 by cutting policy rates and infusing liquidity into the banking system

Rupee among worst-performing Asian currency, but it supported Atmanirbhar campaign

The stock markets are tanking on fears that companies will have to close operations temporarily, impacting their earnings

The government borrows from the market for the buyback, but it is not doing so for the next year

The lender has issued 15,000 redeemable Basel III compliant Tier II bonds in the nature of debenture of Rs 10 lakh each, it said

The sustainability of gains is in doubt amid concern that the government may bust its fiscal-deficit target by boosting spending before this year's national election