Forcing bondholders to take 100 per cent haircut on the bank's AT-1 bonds would lead to losses to the tune of Rs 10,800 crore, estimates Acuite Ratings
Experts say LTRO is the Indian version of quantitative easing, and that there should be more of it in coming days
The government borrows from the market for the buyback, but it is not doing so for the next year
Long-term bond yields have come down by 20 bps since first OMO last month
EXIM Bank confirmed that it is in the market but did not divulge specific details about the issues
Betting on the US was a winning strategy
Sovereign bonds slid after the report, with the yield on the benchmark 10-year note rising 5 basis points to 6.76 per cent
China's phased entry into several key bond gauges this year provides India with a template that could be shaped to its needs
All eyes are now on the government's financing plans for the fiscal second half due today, with traders concerned that the authorities could increase bond sales beyond the Rs 2.68 trillion set earlier
The government will make every effort to ensure that the revenue loss from its latest booster won't affect its goal to narrow the fiscal gap to 3.3 per cent of GDP
Opening up India's corporate bond market to more issuers and investors is an important part of Modi's pledge to develop a $5 trillion economy by 2024
Fears of stimulus adding to already record borrowings led to benchmark sovereign notes capping their worst performance in 16 months in August
The stunted development is rooted in structural issues with the economy and not the structure of markets
Global drivers are also supportive as US yields harbour expectations of a dovish US Fed and a likely rate cut at the meeting later this month
What could be troubling the market is the unknown quantum of public spending via borrowings, which are but sovereign liabilities, beyond the Rs 7 trillion fiscal gap
The bond market has been stress-tested, and is seeing structural strengthening
Indian sovereign bonds declined in May for the ninth month out of 10 as overseas investors dumped $2.6 billion of rupee-denominated bonds