Inflows into index-eligible Indian bonds set to hit $10 billion

Foreign inflows into India’s sovereign bond market are closing in on the $10 billion mark ahead of the country’s inclusion in the JPMorgan Chase & Co’s emerging markets debt index. Investments into index-eligible Fully Accessible Route bonds have risen by 812.18 billion rupees ($9.8 billion) since the announcement in September, data from the Clearing Corp. … Read more

IRB Infra: IRB Infra in talks to tap overseas bond market

Mumbai: IRB Infrastructure, backed by Singapore’s GIC, is exploring the overseas bond market to raise $300 million, mainly to refinance the earlier bonds. The company is in talks with Barclays, Deutsche Bank and JP Morgan to give the fundraising mandate. Proceeds will be used to refinance the earlier bond raised in 2021. Back then, IRB … Read more

bond market: Govt borrowings via a single bond top Rs 2-lakh crore

Mumbai: India’s government bond market has witnessed a first, with the outstanding amount on a single sovereign security breaching the ₹2-lakh-crore mark, demonstrating the finance ministry’s tolerance for a much higher borrowing limit through one bond series than what applied to the earlier threshold. After its last auction in the primary market on January 19, … Read more

10-year bond yield: India 10-year bond yield hits 4-month low on easing inflation outlook

MUMBAI – India’s 10-year government bond yield declined in early trade on Monday, falling below the critical 7.15% mark to a near 4-month low, as prospects of lower inflationary pressures powered bullish bets. The 10-year benchmark bond yield was at 7.1350% as of 10:00 a.m. IST, following its previous close of 7.1791%. The yield eased … Read more

Bond: Bond rally overlooking a soaring $2 trillion debt problem

New York: Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away. But for how long? Over the … Read more