Julian Callow, chief European economist at Barclays Capital spoke to CNBC-TV18 about his expectations of market reaction to the euro summit.
Kaushik Rudra, global head of Credit Research, Standard Charted Bank believes that market is oversold from the bond market side, it is pricing in fair amount of distress, so any sort of intermediate steps could bring solace to the market.
Despite a hint of change in the bond market sentiments, as the yields are touching almost 9%, the mood could be short lived if global volatility takes a toll, says Dhawal Dalal, senior vice president and head of fixed income at DSP BlackRock Investment Managers.
Franklin Templeton Investments has launched a NFO 'Templeton India Corporate Bond Opportunities Fund' aiming to help investors take advantage of the current high yields and to build a strong presence in pure fixed income space.
The bond market is likely to remain bearish with yields inching up in near future on the back of oversupply of government securities (Gilt or G-Sec) along with inflation concerns, treasury officials said.
The government is mulling tax incentives, reduction of stamp duty, and simplified regulatory norms to promote the corporate bond market for helping companies raise funds at competitive rates.
Rajiv Anand of Axis Mutual Fund, in an exclusive interview to CNBC-TV18, said that growth will impacted due to hike in interest rates. “It will not be appropriate to be overly bearish on bonds right now as they may go up by another 5-10 basis points,” said Anand.
However, Moses Harding, executive vice president and head of department wholesale banking group at IndusInd Bank says that the bond market believes that the "ten year yield close to 8.5% is not good for all stakeholders in the economy."
While it was a steady state in the market, it was not the same case with the bond and currency market. We have seen a bit of gyrations in the currency and a huge amount of falls in the bond markets which means rise in yields and interest rates.
Ireland may have to ask for another loan from the European Union and International Monetary Fund because it will struggle to return to debt markets to raise funds next year, a government minister said on Sunday.
In an interview with CNBC-TV18, Dhawal Dalal, Senior VP and Head of Fixed Income, DSP BlackRock Investment Managers, and Nitin Jain, Co-head of Fixed Income, Normura, speak about the liquidity situation and give their outlook going forward.
The government has said it will borrow 60% or Rs 2.5 lakh crore of the total budgeted market borrowings in the first half (April-September) of the 2011-12 fiscal. Suyash Choudhary, Head of Fixed Income at IDFC Mutual Fund in an interview on CNBC-TV gave his reaction to the latest numbers coming in.
Koushik Chatterjee, Group CFO, Tata Steel spoke about the company’s latest plans in the bond markets and what the road ahead was going ahead.
Tata Steel, the world's seventh-largest steel maker said that it has raised Rs 1,500 crore through high-yield perpetual bonds. According to the latest updates, the steel maker said that perpetual bond issue helps funding sources and this bond is lesser expensive compared to equity.
However, in an interview to CNBC-TV18, Pankaj Vaish, MD, Markets (South Asia), Citi said that Indian market is getting very nervous pre-budget.
Activity in the Indian bond market saw a 30% jump in 2010. And not just volumes widening, credit spectrum and innovative issuances point to a steady evolution, reports CNBC-TV18’s Vidhi Godiawala.
Bank stocks have been plagued with a multitude of problems says CNBC-TV18's Managing Editor Udayan Mukherjee.