Bond Yields
Yields, expectations for rate hikes rise after US jobs' market report
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
 "Yields, expectations for rate hikes rise after US jobs' market report")
Monetary policy: Bond yields soften after RBI hits pause on rate hike
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
 "Monetary policy: Bond yields soften after RBI hits pause on rate hike")
Rupee, bonds gain ahead of RBI's monetary policy review decision
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
 "Rupee, bonds gain ahead of RBI's monetary policy review decision")
Removal of LTCG tax benefits on debt MFs pushes corporate bond yields
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
 "Removal of LTCG tax benefits on debt MFs pushes corporate bond yields")
Indian rupee, bond yields await Fed Reserve's policy move for cues
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
 "Indian rupee, bond yields await Fed Reserve's policy move for cues")
US banking crisis: Key interest rates suggest RBI may go slow on tightening
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
 "US banking crisis: Key interest rates suggest RBI may go slow on tightening")
Treasury yield curve inverts: What it means and what does it signal?
Yield curve inversion suggests that the market is becoming more pessimistic about the economic prospects for the near future
 "Treasury yield curve inverts: What it means and what does it signal?")
SBI raises Rs 3,717 cr via AT-1 bonds at 8.25% with 10-yr call option
AT-1 coupon rates rise as inflation, US bond selloff sour view on bonds
 "SBI raises Rs 3,717 cr via AT-1 bonds at 8.25% with 10-yr call option")
LIC Housing Fin, HDB Finance reduce fundraise sizes on hardening yields
LIC Housing raises 1,150 cr against Rs 3,000 cr planned
 "LIC Housing Fin, HDB Finance reduce fundraise sizes on hardening yields")
As market yields rise, premium of sovereign green bond slightly narrows
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%
 "As market yields rise, premium of sovereign green bond slightly narrows")
Bond yields harden as Reserve Bank shows no sign of policy turn
Traders expect the excess cash with banks to dry up significantly over the next three to four months
 "Bond yields harden as Reserve Bank shows no sign of policy turn")
MPC's optimistic growth outlook augurs well for credit demand
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
 "MPC's optimistic growth outlook augurs well for credit demand")
Rupee set for muted open; US yields soar, 82.90 per dollar level in focus
The non-deliverable forward suggests that the rupee will open at around 82.68-82.74, compared with 82.7250 in the previous session
Bond yields and rupee to closely track RBI's monetary policy meet
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
10-year bond yield at highest since November on Budget 2023 jitters
Last auction before Budget sees weak demand; market fears large borrowing in FY24
 "10-year bond yield at highest since November on Budget 2023 jitters")
Yield-to-maturity of debt funds now similar across durations, shows data
Mismatch in YTM growth because shorter-end of yield curve more responsive to rate changes, say experts
 "Yield-to-maturity of debt funds now similar across durations, shows data")
Rupee outlook positive, central bank eyed; bond yields likely to rise
Government bond yields are expected to tick up as investors shift focus to the upcoming budget
Municipal bond fund-raising trebles in 5 years; over Rs 6,000 cr mopped up
Total amount raised crossed Rs 6,000 crore since inception in 2022
 "Municipal bond fund-raising trebles in 5 years; over Rs 6,000 cr mopped up")
Government bond yields little changed as traders await fresh triggers
The benchmark yield had dipped earlier in the day, as a fall in oil prices and U.S. yields supported buying sentiment for bonds
 "Government bond yields little changed as traders await fresh triggers")
Debt fund YTMs stabilise, but peak still a few basis points away
YTMs of all debt fund categories, except credit risk and overnight, in a narrow range of 6.3-7.3%
 "Debt fund YTMs stabilise, but peak still a few basis points away")
