Government Securities

The yield on the benchmark sovereign bonds has risen to a four-month high on August 19 on worries that higher government borrowing and lower revenue, following the proposed overhaul of the goods and services tax (GST) regime, will likely bring down the collections.

10-year benchmark G-sec yield ends over 4-month high on limited potential for rate cut

Bond yields have been on the rise since the Reserve Bank of India (RBI) kept policy rate unchanged in the August monetary policy.

India's 10-year bond yield rises 2 bps after US strikes Iran, dollar gains strength

The US dollar was stronger on higher investor demand in response to the rising geopolitical risks following US President Trump's strikes on Iran's nuclear facilities. Some currency market told Reuters that the rise in oil prices following the US action was milder than expected, with markets choosing to wait and see to what extend Iran would respond.

FPIs sell record sum in government bonds this quarter since global index inclusion

Since the announcement, Indian bonds in global indexes have been seeing sharp inflows, but soon after the rate cut cycle begun earlier this year, the differential between India and US narrowed, leading to these investors moving away.

Government to buy back of 5 bonds worth Rs 25,000 crore on June 5

The auction will take place on June 5 between 10:30 AM and 11:30 AM, and the settlement will take place on June 6.

Less volatile bond markets eat into primary dealers' earnings as underwriting commissions drop

Primary dealers usually underwrite the government bond auctions against a token of underwriting commission. The fee charged by primary dealers, though small, reflects the sentiment of the market.

Easing retail inflation helps Indian bonds to trade below 6.30%

India's retail inflation slowed to 3.16 percent in April from 3.34 percent in March. It is the lowest year-on-year inflation since July 2019, the government said in a statement.

Banks set to report higher treasury income in Q4FY25 on sharp drop in G-sec yields

During the January-March quarter, yields on government securities, particularly the 10-year benchmark bond, eased by around 20 basis points, driven by the Reserve Bank of India's OMO purchases, easing inflation, and a 25 bps policy rate cut.

Three reasons why Indian bond yield hits 3-year lows and why it points at more rate cuts

The yield on government securities, especially the 10-year benchmark bond, has been witnessing a reduction since the start of this month. Data indicates that it has eased 15 bps so far in March.

Indian bond yields hit over 3-year low amid rate cut expectation

According to the Bloomberg data, yield on 10-year benchmark bond was lowest since January 19, 2022, when it was at 6.60 percent. Yield on the government securities, especially 10-year benchmark bonds have been seeing a reduction since start of this month. Data showed that it has eased 14 bps so far in March.

Non-bank bond brokers hesitant to opt for NDS-OM platform over cost burden

RBI’s norms say that entities eligible to seek direct access to NDS-OM must have Subsidiary General Ledger (SGL) with the RBI, a Current Account with the Reserve Bank or a Designated Settlement Bank, and membership of securities settlement segment of the Clearing Corporation of India (CCIL).

FPI investment in govt securities in JP Morgan bond index doubled in 2024

Going ahead, money market experts believe that another two-bond inclusion next year is expected to increase flows in these bonds

Rupee dips in early trade on dollar demand from importers

On the other hand, Indian bond yields opened almost stable at 6.778 percent, as compared to 6.795 percent close on previous trading session.

Bond yield opens marginally up, rupee remains stable at 85 a dollar

Looking ahead, this week is expected to be relatively subdued due to the holiday season in key markets like the U.S. and Europe, leading to thin trading volumes and reduced market volatility, said Amit Pabari, managing director at CR Forrx Advisors.

High demand from FPIs, insurance companies pull G-sec yields down 38 bps

Indian bond yields may fall further on anticipation of rate cut in the February monetary policy review, experts say

10-year government securities, RBI repo rate narrows to 7-year low to 26 bps in September

According to the Bloomberg data, spread between 10-year government securities and repo rate stood at 26 bps on September 16. This was lowest level since August 2, 2017, when the spread stood at 21 bps.

States' borrowing becomes cheaper by 12 bps in one month amid positive domestic cues

As per RBI’s data, between June 11 and July 9, states have borrowed Rs 52,513.88 crore through SDLs, which was 70 percent of the total Rs 74,950 crore indicated in the calendar.

Corporate bond issuances plunge 47% YoY in June as firms await fiscal clarity in upcoming Budget

Of the total funds raised in June, the majority—Rs 26,280 crore, or around 43 percent of the total issuances—was raised by the top five issuers.

Indian bond yields close flat on day 3 after JP Morgan global bond index inclusion

According to CCIL data, foreign portfolio investors' (FPIs) FAR holdings rose to Rs 1,87,969.932 crore on July 2 from Rs 1,84,761.90 crore on June 27.

Indian bond yields open almost flat on day 2 after JP Morgan global bond index inclusion

Indian bonds were added to the JP Morgan Bond Index – Emerging Markets over 10-month period on June 28.

Primary bond market subscription on RBI’s retail direct platform surges over 100% year-on-year, shows data

The RBI’s Retail Direct scheme helps individuals to invest in government securities through a direct platform.

Election results to keep bond yields, Indian rupee volatile in near term, say experts

BJP-led NDA bagged 293 seats and the opposition bloc INDIA finished at 233. BJP has failed to reach the majority mark of 272 on its own.

Rupee surges, bond yields sink as exit polls forecast landslide victory for NDA

The 10-year benchmark bond 7.10 percent 2034 opened at 6.9505 percent, as against 6.9809 percent close on May 31, while the rupee opened at 82.99 against the dollar on June 3

S&P outlook revision may not impact Indian markets, but bond yields may trade stable on strong local cues: Experts

Today, the 10-year benchmark bond 7.10 percent 2034 bond yield closed at 6.9966 percent.

RBI buys back govt securities worth Rs 5,111 crore out of Rs 40,000 crore notified

Prior to this, the central bank conducted three buyback auctions, but got muted responses from the bidders, expect in the first auction.