Gold prices steadied on Wednesday, after posting its biggest decline in a month in the previous session after a sticky U.S. inflation report boosted bond yields and slightly tempered hopes for a June interest rate cut from the Federal Reserve. FUNDAMENTALS * Spot gold edged 0.1% up to $2,158.26 per ounce, as of 0151 GMT. … Read more
Nifty ended with weekly gains of 0.75% with leadership taken by banks, auto and metals. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them. Commenting on the day’s trade, Rupak De, Senior Technical Analyst at LKP Securities said that … Read more
Indian government bond yields extended their decline on Friday, tracking moves in U.S. Treasury yields, a day after the federal budget’s tepid targets triggered aggressive debt purchases. India’s benchmark 10-year yield was at 7.0265% as of 10:30 a.m. IST, following its previous close at 7.0583%. Thursday’s close was the lowest since July 18 and the … Read more
Mumbai: Yields on government bonds slumped in trade on Thursday after Finance Minister Nirmala Sitharaman reduced the market borrowing plan for 2024-25 (April-March). In the interim Budget for FY25, the government has pegged the gross and net market borrowing at Rs 14.13 lakh crore and Rs 11.75 lakh crore, respectively. Most experts had pegged the … Read more
The US Federal Reserve’s two-day monetary policy meeting will conclude later today, and at the end of it, the central bank is widely expected to leave the federal funds rate unchanged. According to the CME FedWatch tool, 98% of the respondents see the federal funds target range unchanged at 5.25-5.50%. So, a status quo on … Read more
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
