Page 4 - Sovereign Bonds

Sovereign bonds benefited from correction in oil prices, says DBS bank

Caution is creeping in at the longer-end of the curve as focus returns to the FY19 fiscal outlook

Sovereign bonds face barrier as debt-ridden PSBs sell into every rally

Public-sector banks have cut holdings by a net Rs 312 billion this quarter, even as sovereign bonds are poised for their first quarterly advance in more than a year

Worst rout of sovereign bonds in 7 years may end with RBI's Rs 860 bn binge

The purchases have coincided with a rapid cooling in oil prices that helped drive the yearlong selloff in bonds, the worst run of quarterly losses since 2011

Asia's worst-performing sovereign bonds find a buyer in ICICI Prudential

Yields on the benchmark 10-year debt climbed to a two-year high of 7.82% last month

Large investors honour India debt rally with record bond sales

State-run banks sold a record amount of sovereign bonds on Tuesday, reaping rewards from a rally that's sent benchmark yields to their lowest levels in seven years.National lenders, the biggest holders of government debt, were sellers of a net 130.5 billion rupees ($2 billion) of securities, the most in Clearing Corp. of India data compiled by Bloomberg, going back to 2006. The Reserve Bank of India (RBI) said on Tuesday its policy stance remains accommodative and it will conduct more open-market bond purchases, spurring the biggest gain in benchmark 10-year notes in almost two weeks. It left key interest rates unchanged."It seems it was a natural instinct for state-owned banks to book profits after their positions turned vastly profitable," said Vijay Sharma, New Delhi-based executive vice-president for fixed income at PNB Gilts Ltd., a unit of Punjab National Bank. "We believe the rally isn't over and they will turn buyers again."The yield on sovereign notes due January 2026 dropped