Bonds
Indonesia bonds to extend edge over India on rate-cut bets
RBI may cut rates in December; bond market outlook turning positive: Bandhan AMC’s Suyash Choudhary- US bond market may be too sanguine about underlying fiscal, inflation risks
- Euro zone bond yields lag US Treasuries after US economic data
- High bond yields making borrowing unaffordable amid low interest rates: FM Nirmala Sitharaman
- India bonds rise as fiscal worries ease, US peers up
- India government bonds set to gain on fiscal relief, lower US yields to aid
- Greece to raise up to 9 billion euros from bond markets in 2026: Report
- India bonds to rise as GST cut revenue loss lower than feared
Care downgrades ESAF SFB's debt papers on asset quality pressures
CareEdge Ratings has downgraded ESAF Small Finance Bank's debt instruments due to persistent asset quality issues and net losses for four consecutive quarters. The downgrade reflects concerns about the bank's profitability and asset quality, which are expected to remain under pressure in the near term. An upgrade hinges on equity infusion or significant asset quality improvement.
Banks urge RBI to issue fewer long bonds amid weak demand
Banks want fewer long-term bonds issued in the second half of fiscal year 2026. They prefer more short-term bonds. Demand for long bonds from insurers and pension funds is weak. State bond supply is high. This mismatch pushes borrowing costs up. The 10-year yield recently increased. Concerns about GST revenue shortfalls also contribute.
Euro zone bond yields lower at end of volatile day
Euro zone bond yields were set to finish a volatile day lower on Wednesday, as the recent global selloff eased with help from U.S. labour market data that supported bets on a Federal Reserve rate cut this month.
Bond rout cools but mood cautious with long-term borrowing costs near highs
Long-dated government borrowing costs from Japan to Britain touched fresh multi-year highs on Wednesday on nagging concerns over the fiscal health of some of the world's biggest economies, although a degree of calm was returning after a sharp selloff.
Euro zone bonds steady but fiscal jitters persist for long-end
Euro zone bond yields remained steady near multi-year highs. Investors are worried about government debt. Germany's 30-year yield was close to a 14-year high. French bonds showed little reaction to political news. Heavy bond supply is expected from Germany, Japan, and the US. Japan's 30-year government bond yield hit a record high. Societe Generale anticipates significant European bond issuance.
India bonds rise on hopes of support from authorities
Indian government bonds experienced a rise on Wednesday, fueled by optimism that both the government and the Reserve Bank of India would offer support following a recent selloff. The benchmark 10-year bond yield saw a decrease. Traders are hopeful the RBI will address concerns about mark-to-market losses, with discussions ongoing regarding the second half borrowing program.
Vietnam raises $3.8 mln in govt bond auction, lowest so far this year
Vietnam's State Treasury experienced a significant downturn in its weekly government bond auction, managing to raise a mere 100 billion dong ($3.8 million). This figure marks the lowest amount garnered this year, a sharp decline from the $16.5 million secured in the previous week. The demand also plummeted, with only 0.
Adani Electricity Mumbai buys back bonds worth USD 44.66 mn six years ahead of maturity
Adani Electricity Mumbai on Tuesday said it has bought back senior secured notes worth USD 44.66 million six years ahead of their maturity as part of the company's capital management plan.
Japan's super-long bonds fall as PM Ishiba's aide intends to resign
Japanese super-long dated bonds experienced a downturn, pushing yields to unprecedented highs amid renewed concerns about the nation's financial stability. This market reaction followed news of a close aide to Prime Minister Shigeru Ishiba intending to resign. The 30-year JGB yield surged by 8 basis points to 3.28%, while the 20-year JGB yield climbed 7 bps to 2.
India bonds eye fiscal clarity for strong directional move
Indian government bond yields will likely remain steady. A key meeting is set to discuss a possible reduction in the Goods and Services Tax. The 10-year bond yield is expected to trade between 6.53% and 6.58%. The GST Council will meet to discuss revenue protection. A debt auction will test investor appetite.
Credit markets near records after $90 billion bond sale spree
Global credit markets saw a surge in activity. Borrowers globally sold investment-grade debt worth billions. US firms sold a huge amount of debt. European and Japanese markets also witnessed record-breaking issuances. Companies are capitalizing on strong investor demand. The Federal Reserve's expected interest rate cut is also a factor. Experts believe this trend will continue, but volatility remains a concern.
Is it the right time to invest in gilt funds amid rising bond yields?
Recent bond yield spikes have created a tactical entry point for investors in gilt funds, which hold long-duration government securities. Experts believe the market is currently undervalued, presenting an opportunity for capital appreciation as yields potentially decline. However, analysts caution about risks like potential fiscal deficit increases and rising inflation, which could impact bond yields.
IndiaBonds, Upstox join hands to offer bond investments to retail investors
IndiaBonds, a Sebi-registered broker and licensed online bond platform provider, on Tuesday said it has entered into a strategic alliance with Upstox to enable retail investors to avail a wide range of bond investments on the brokerage platform.
Adani Electricity Mumbai buys back bonds worth USD 44.66 mn six years ahead of maturity
Adani Electricity Mumbai on Tuesday said it has bought back senior secured notes worth USD 44.66 million six years ahead of their maturity as part of the company's capital management plan.
SBI raises $500 million via overseas bond sale
State Bank of India raised $500 million via bonds at the tightest pricing ever for an Indian entity, capitalizing on India’s recent credit rating upgrade. The issuance, 30 bps tighter than initial guidance, highlights strong global investor appetite.
UK 30-year gilt yield hits highest since 1998
British borrowing costs increased. Thirty-year gilt yields reached a high not seen in nearly three decades. Global government borrowing costs also rose. Concerns exist about high inflation in Britain. Heavy borrowing and slow economic growth are factors. Finance Minister Rachel Reeves may raise taxes. This could further challenge economic growth. Germany's 30-year yield also increased.
India bond yields dip as large investors expected to absorb debt supply
Indian government bond yields saw a decrease in early trading on Tuesday. This is because traders anticipate long-term investors will absorb state debt supply. States aim to raise 316.50 billion rupees through bond sales. This supply increase occurs amidst investor concerns about potential losses. The GST council is scheduled to convene for a meeting.
RBI to meet bond market this week to discuss second-half borrowing: Report
India's central bank will consult with bond market participants regarding government borrowing for the fiscal year's second half, amidst concerns about rising bond yields and potential treasury losses for banks. Discussions will include feedback on the October-March borrowing schedule and possible solutions to address current market conditions.
Benchmark JGBs rally after auction shows strong demand
Japanese government bonds saw a surge after a successful auction. Demand for the 10-year notes was the highest in almost two years. Bank of Japan official Ryozo Himino suggested further interest rate hikes. Focus is now on the upcoming 30-year bond auction. Political uncertainty and government spending plans are also impacting the market. The 30-year JGB yield increased slightly.
India bond yields seen little changed ahead of heavy state debt supply
Indian government bond yields are likely to remain stable. The 10-year benchmark bond yield will hover around 6.60%. Traders are preparing for a large bond supply from state governments. States aim to raise 316.50 billion rupees through bond sales. This comes amid investor concerns about fiscal policy. The GST council will meet soon.
India's top lender SBI to tap dollar debt days after nation's rating upgrade
State Bank of India (SBI) is planning to raise at least $500 million through dollar-denominated bonds with a five-year maturity, potentially reaching $1 billion based on demand. This move follows S&P Global Ratings' upgrade of India's sovereign credit rating. The bonds are expected to receive strong demand, potentially leading to a cutoff below the initial guidance of U.S.
ETMarkets Smart Talk: Indian bonds to gain global standing after rating upgrade, says Kashyap Javeri
Emkay Investment Managers' Kashyap Javeri believes India's sovereign rating upgrade and inclusion in global bond indices will attract significant foreign portfolio inflows, enhancing its standing among emerging markets. While short-term allocations depend on global factors, sectors with export exposure and companies benefiting from lower capital costs stand to gain. Automobile, CDMO Pharma, and capital goods sectors present exciting investment opportunities.
Unlocking tactical opportunities in a dislocated bond market: Axis MF
Despite a supportive macroeconomic backdrop—rate cuts by the Reserve Bank of India (RBI), an upgrade in India’s sovereign credit rating, and subdued inflation—bond markets have been experiencing significant dislocation, according to the latest Acumen note by Axis Mutual Fund Research.
Global debt inflows set to rise as India’s credit profile strengthens: LIC MF’s Pratik Shroff
India's sovereign rating upgrade is poised to attract stronger foreign capital inflows into its debt market, enhancing its risk profile and yield attractiveness. This shift could lead to broader inclusion in international bond indices, narrowing yield differentials with US Treasuries. Fixed income investors may benefit from increased demand for longer-duration sovereign bonds.
What’s driving the surge in foreign investment in Indian bonds?
Overseas investors significantly increased their purchases of Indian bonds for the second straight month in August, driven by attractive yields. Net inflows into the fully accessible route for government securities soared to ₹10,471 crore, fueled by a widening yield gap between Indian and US treasury bonds.
Govt’s gamble on GST cuts: What do the bond and currency markets signal?
Markets reflect cognitive biases, interpreting events differently. Equity markets anticipate consumption revival from GST reforms, while bond and currency markets price fiscal and macro risks. Persistent FII selling and a weakening Rupee highlight underlying stress, challenging India’s macro stability despite robust fundamentals.
Oil India unit plans $565 million debut bond issue, bankers say
A unit of Oil India is likely to raise around 50 billion rupees ($565 million) through the sale of short-term bonds next month, two merchant bankers said on Friday.
Super-long JGB yields retreat on speculation of further issuance cuts
Japanese government bond yields experienced a pullback after reports suggested the Ministry of Finance is considering further reducing the issuance of ultra-long-term bonds. This move follows concerns about weak demand and the Bank of Japan's quantitative tightening.
India bonds dip ahead of fresh debt supply
Indian government bonds saw a slight decrease early Friday. Traders adjusted positions before the weekly debt sale. They also awaited economic growth data. The benchmark 10-year bond yield was at 6.5578%. New Delhi plans to sell bonds worth 320 billion rupees. Investors are closely monitoring gross domestic product data. Bond yields have risen this month.
Stay put in fixed income; next one year is accrual-driven, not double-digit returns, says LIC MF’s Marzban Irani
Marzban Irani of LIC Mutual Fund advises fixed income investors to adjust their expectations. Double-digit returns are unlikely. He suggests focusing on accrual-driven strategies for stability. PSU bonds in the short-term offer good value. Global factors and index inclusions are positive for the Indian debt market. Investors should stay invested and embrace fixed income's role in providing portfolio stability.
Indian firms tap bond market for acquisitions on mutual fund demand
Indian companies are increasingly turning to the bond market to finance acquisitions, planning to raise over $2 billion in the coming months. Mutual funds, flush with capital, are driving demand, stepping in where foreign lenders once dominated. This surge in acquisition financing has propelled corporate bond sales to a record high this year, exceeding previous figures by over 15%.
India bonds flat ahead of weekly debt supply
Indian government bonds remained steady ahead of a significant debt sale of 320 billion rupees. The benchmark 10-year bond yield stood at 6.5926%. Traders anticipate pressure from the large debt sale, but hopes for central bank intervention are supporting sentiment. Concerns arose after states partially accepted bids at higher-than-expected yields, fueling speculation of RBI intervention.
For bruised bond markets, turbulence persists as debt sales ramp up again
Global bond markets are bracing for increased volatility as major economies like Germany, Japan, and the U.S. prepare to issue long-dated bonds. Rising yields, driven by political uncertainty, inflation concerns, and potential rate hikes, are creating headwinds for governments already grappling with high debt levels.
Record yields, easing pressure on PM Ishiba fuel Japanese bonds rally
Japanese government bonds rebounded as attractive yields and easing political pressure on Prime Minister Ishiba spurred buying. Dovish comments from a Bank of Japan board member further boosted sentiment. However, demand at a two-year note auction was weak, raising concerns about future auctions despite recent yield highs on 10-year and 30-year bonds.
Delhi International Airport to issue 15-year bonds: Bankers
Delhi International Airport is set to raise 10 billion rupees ($114.28 million) through the sale of 15-year bonds. Bids from bankers and investors have been invited for Friday, with a quarterly coupon payment structure. The coupon rate, currently at 8.75%, will be reset after the fifth and tenth years.
France's 30-year yield pauses near 2011 highs amid political risk
French bond yields slightly decreased on Wednesday after hitting multi-year highs due to political uncertainty. Opposition to Prime Minister Bayrou's budget cuts raised concerns about the government's stability, impacting investor confidence. Adding to global market worries, President Trump's attempt to remove a Federal Reserve Governor sparked fears about central bank independence.
