securities

Bond yields: Bond yields likely to spike as states line up record borrowings

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Mumbai: Sovereign bond yields, the benchmark for pricing debt, may harden this week as several states have announced record-high borrowings ahead of the general election, surprising investors with a deluge of securities. On Tuesday, 17 state governments will sell bonds worth ₹50,206 crore, a record for a week, and 80% higher than the ₹27,810 crore … Read more

HDFC Bank, ICICI Bank and others to float residential mortgage-backed securities company

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HDFC Bank and ICICI Bank- two of the country’s largest private banks – have jointly floated a company to promote the residential mortgage-backed securities market. The two private banks have acquired a 7% stake each in a newly formed company – RMBS Development Company Limited (RDCL), said a stock exchange notice issued by them separately … Read more