Page 3 - India Bond Market
India 10-year yield at 2-year high; rupee weakens after Fed minutes
The benchmark 10-year bond yield was trading at 6.54%, after touching 6.55% in early trade, its highest since Jan. 31, 2020
 "India 10-year yield at 2-year high; rupee weakens after Fed minutes")
Shorter-tenor bonds poised to extend losses amid hawkish RBI bets
Rates on notes with maturities of up to two years climbed in recent weeks as the central bank expanded its efforts to remove excess liquidity from the banking system
 "Shorter-tenor bonds poised to extend losses amid hawkish RBI bets")
Will RBI's Retail Direct scheme spur retail investor interest in bonds?
The RBI has launched RBI-RD, allowing retail investors to directly invest in govt securities. Will this make the bond market exciting for retail investors? Analysts seem cautious
 "Will RBI's Retail Direct scheme spur retail investor interest in bonds?")
With yields hardening, its best to opt for shorter-duration funds
Shorter-maturity bonds in these funds get reinvested at higher coupon rates
 "With yields hardening, its best to opt for shorter-duration funds")
For Indian junk bonds, it's love in the time of China's Evergrande crisis
For investors wary of China, looking at India makes sense but the extra dollars arrive with a cost.
 "For Indian junk bonds, it's love in the time of China's Evergrande crisis")
India's inclusion in global bond may attract $170 to $250 bn in inflows
Morgan Stanley said on Thursday it expects India to be included in global bond indices in early 2022 and the index inclusion will attract USD170 to 250 billion in bond inflows in the next decade
 "India's inclusion in global bond may attract $170 to $250 bn in inflows")
A surprise bond rally sweeps over India as global funds pile in
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by a Reserve Bank of India policy review held on August 6
 "A surprise bond rally sweeps over India as global funds pile in")
HDFC Bank exec says RBI MPC disagreement is no reason to flee market
Investors shouldn't worry about surprise losses and can keep their positions for now
 "HDFC Bank exec says RBI MPC disagreement is no reason to flee market")
Buying shorter debt is now a hot trade in India's bond market
Rising inflation is constraining the central bank from easing further even as the economy remains vulnerable following a deadly wave of coronavirus infections.
 "Buying shorter debt is now a hot trade in India's bond market")
Sovereign Gold Bond Scheme IV: Issue price fixed at Rs 4,807 per gram
The issue price for Series III, which was open for subscription during May 31 to June 4, 2021, was Rs 4,889/gm.
 "Sovereign Gold Bond Scheme IV: Issue price fixed at Rs 4,807 per gram")
IIFL Home Finance to raise up to Rs 1,000 crore through bond issue
The tranche 1 issue includes a base issue size of Rs 100 crore and a greenshoe option of Rs 900 crore aggregating up to Rs 1,000 crore.
 "IIFL Home Finance to raise up to Rs 1,000 crore through bond issue")
Mahindra Finance raises Rs 225 crore through bond issuance
Mahindra Finance on Thursday announced raising up to Rs 225 crore by issuing bonds. A meeting of the duly authorised committee was held on June 24, 2021, approving the allotment of 2,250 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each aggregating to Rs 225 crore, Mahindra & Mahindra Financial Services (Mahindra Finance) said in a regulatory filing. The date of allotment of bonds is June 24, 2021 and they are set to mature on June 24, 2026, The five-year tenure bonds carry coupon rate of 6.35 per cent per annum. Mahindra Finance stock traded 0.61 per cent lower at Rs 155.60 apiece on the BSE.
RBI monetary policy: Bond market expects minimum Rs 1 trn of G-SAP in Q2
Expects minimum Rs 1 trn of G-SAP in 2nd quarter, sees it rising to Rs 1.25 trn to keep yields soft
 "RBI monetary policy: Bond market expects minimum Rs 1 trn of G-SAP in Q2")
Govt 'not calling it right', must boost spending in Covid: Abhijit Banerjee
Nobel Laureate says it is 'not clear at all' if bond markets would react negatively to moves to avert crisis.
 "Govt 'not calling it right', must boost spending in Covid: Abhijit Banerjee")
Bond market upbeat with RBI on back foot as Covid-19 infections surge
Status quo on rates likely to be maintained for some time
 "Bond market upbeat with RBI on back foot as Covid-19 infections surge")
New bond offers must fit into your portfolio
Check if you need to invest in the asset class to which the bond belongs, then see if the bond has the right risk-return profile
No dearth of liquidity, but RBI sees little demand for govt bonds
Indian govt bonds are the "good stuff" and must sell. It's the only way tax-strapped authorities can raise money and spend it to shake the economy out of its Covid-19 stupor
 "No dearth of liquidity, but RBI sees little demand for govt bonds")
Alarming uptick in Covid-19 graph stokes traders' fears in bond market
The Indian bond market, which has been following the rise in US yields of late, should be able to temper its demand for higher yields
 "Alarming uptick in Covid-19 graph stokes traders' fears in bond market")
SBI Fund Management goes long cash after jump in rates volatility
The latest factsheet shows that SBI's Dynamic Bond Fund's cash holding rose to 32.5% as of the end of January, compared with 8.4% at the end of June
 "SBI Fund Management goes long cash after jump in rates volatility")
Perpetual bonds and why they are in news: All you need to know
Business Standard's Samie Modak explains in detail why perpetual bonds are in news. Listen to the podcast
