Manglunia says the 10-year benchmark bond yield is likely to trade in a range of 6.63-6.67 percent today.
In an interview to CNBC-TV18, Revati Kasture, Senior Director of CARE Ratings shared her thoughts in terms of what is happening with RComm's bond trade.
NHAI raised Rs 30 billion in the largest-ever issuance of Masala bonds with a five-year tenor at a coupon rate of 7.3 per cent, which was priced at par.
RBI may have to go on a long pause till the month of March 2018
The Reserve Bank of India had opted to leave the repo rate unchanged at 6.25 percent on April 6, and the minutes released on Thursday showed the six-member monetary policy committee had cited upside risks to inflation as the main reason for the decision.
The Reserve Bank of India stepped in to cap broader gains in the rupee, traders said, adding that some of the gains were also due to the strong $6.1-billion foreign investment into debt and equities this month.
The year 2016 was an uncharacteristically good year for Indian bonds; it was one of those rare periods when Indian bonds outperformed Indian equities across most categories.
The 10-year benchmark bond yield, after some rally, has again settled at 6.85 percent. We expect it to trade in the 6.83-6.87 percent range today, says Ashutosh Raina of HDFC Bank.
While the US Fed plans more rate hikes later this year, it is the policy outcome of two other central banks that are more important and should be looked out for, says Bill Gross.
We expect the 10-year benchmark bond yield to trade in a range of 6.78-6.83 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.
The move comes after the central bank's erratic bond operation since late January confused market players, leading to a surge in Japanese Government Bond yields to one-year highs earlier this month.
In-line with global trends, rupee is also seen in a narrow range. USD-INR trading range for the day is 66.80-67.05/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
Rupee has been resilient on the back of change in monetary policy stance of RBI. The USD -INR is expected to trade in the range of 66.70-67 for the day, says Mohan Shenoi of Kotak Mahindra Bank.
In an interview with CNBC-TV18, veteran financial commentator Udayan Mukherjee explained why the likely end of a multi-year rally in the Indian bond market is good news for stock prices and how the market still has some tricky turns to negotiate
The 10-year bond yield was at 6.66 percent as of 0921 GMT, up from its 6.43 percent close on Tuesday.
According to Ajay Manglunia of Edelweiss, the 10-year benchmark bond yield is likely to trade in a range of 6.38-6.43 percent today.
A bond is a debt security, similar to an IOU. Borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When you buy a bond, you are lending to the issuer, which may be a government, municipality, or corporation.
The USD-INR pair is expected to trade in a range of 67.80-68.10/dollar for the day, says Bhaskar Panda of HDFC Bank.
The 10-year benchmark yield is likely to trade in a narrow range of 6.36-6.42 percent, says Ajay Manglunia of Edelweiss.
Spot gold rose 0.7 percent, to USD 1,217.81 per ounce by 0303 GMT. It earlier touched a high of USD 1,219.43, the most since November 22.
"QE (quantitative easing) will not last forever", Coeure said on the sidelines of the World Economic Forum in Davos, Switzerland. "It's too early to start a discussion on tapering."
The company, however, did not disclose the quantum of funds that would be raised through the debt instruments.
The US market may have started the year on a bullish note but only time will ttell whether this rally will sustain. Michael Tyler, CIO of Eastern Bank and Oksana Aronov, Fixed Income Strategist at JP Morgan share their outlook on the US equity and bond market for 2017.
Donald Trump‘s pre and post-election rhetoric is impacting China in more ways than one. All Trump needs to do to stir up China is post a tweet.