GLOBAL BOND MARKET
Japan's Topix hits record high, yen and bonds fall on PM Ishiba exit
Japan's Topix share gauge reached a record high, the yen weakened and longer-dated bonds slid on Monday after Prime Minister Shigeru Ishiba's resignation stoked speculation that his successor will raise government spending.
Indonesia bonds to extend edge over India on rate-cut bets
Investors are increasingly favoring Indonesian sovereign debt over Indian bonds, highlighting a shift in Asia’s high-yield markets. The current yield gap between Indonesia’s and India’s 10-year bonds is about 10 basis points. Economists surveyed by Bloomberg expect this gap to double by Q3 2026, indicating expectations of sustained outperformance for Indonesian debt compared with Indian government securities.
Japan's stressed bond market, stocks brace for PM Ishiba exit reaction
Japan's stressed government bond market and soaring stocks are set for more volatility on Monday after the resignation of fiscal hawk Prime Minister Shigeru Ishiba.
RBI may cut rates in December; bond market outlook turning positive: Bandhan AMC’s Suyash Choudhary
Amid global trade tensions, India's bond market outlook is improving. Suyash Choudhary anticipates potential RBI rate cuts due to contained inflation and growth uncertainties. He suggests that most negative factors impacting yields have subsided, creating attractive opportunities for fixed-income investors across the yield curve.
Japan's Topix hits record high, yen falls as PM Ishiba resigns
Following Shigeru Ishiba's resignation, Japan's Topix index reached a record high, while the yen weakened amid speculation that his successor will increase government spending. Sanae Takaichi, a potential candidate known for expansionary fiscal policies, is seen as positive for equities but potentially challenging for the bond market.
Dynamic bond mutual funds: Investors supposed all-interest-rate investment has failed in current rate cut-cycle
Amid the bond market’s season of woes, dynamic bond funds appear to have badly miscalculated the payoffs from the rate-cutting cycle
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Volatility risks rise in Japan with the exit of PM Ishiba
Japanese markets brace for instability as Prime Minister Ishiba's departure looms, triggering yen pressure and potential sovereign bond sell-offs. Uncertainty surrounds the fiscal policies of potential successors and the Bank of Japan's rate hike trajectory. Concerns over rising JGB yields could spill over into global debt markets, already sensitive to fiscal pressures.
US bond market may be too sanguine about underlying fiscal, inflation risks
Some investors are worried about the United States bond market. They see risks from recent market moves. They are concerned about White House pressure on the Federal Reserve. This pressure is for interest rate cuts. Investors also worry about long-term fiscal risks. The bond market's health is a concern. Some think the market is underpricing risks.
GST relief, festive season to help corporate earnings recover in Q3, says Edelweiss MF’s Radhika Gupta
Edelweiss MF’s Radhika Gupta says GST reform and the upcoming festive season will support domestic demand, ease inflation, and aid corporate earnings recovery in Q3. Investors should focus on India-focused sectors like FMCG, consumer durables, autos, and healthcare for potential growth opportunities.
India bonds to rise as GST cut revenue loss lower than feared
Indian government bonds are poised for a relief rally as revenue loss from tax cuts on consumer items is lower than anticipated. The benchmark 10-year bond yield is expected to trade between 6.48% and 6.52%. Tax cuts, implemented to spur demand amid economic headwinds, are estimated to cost 480 billion rupees.
Japan 30-year auction tests a jittery bond market as global yields surge
Global debt markets are uneasy due to increasing fiscal deficits. Japan's super-long government bond auction is the latest test. Thirty-year bonds are a pain point for Japan, the US, and Europe. Investors demand higher yields for holding longer debt. Japan's Ministry of Finance aims to sell 30-year paper. Political uncertainty and global yield increases affect the JGB market.
Dollar weak as cracks in US labour market spur rate cut bets
The U.S. dollar weakened amidst bond market volatility and concerns over a softening labor market, reinforcing expectations of a Federal Reserve rate cut this month. Weak job openings data and dovish Fed comments spurred a rally in Treasuries, pushing yields lower. Investors are also focused on rising bond yields globally, reflecting concerns about the fiscal health of major economies.
Asian stocks rise as weak US jobs fuel Fed bets
Asian equities rose, mirroring Wall Street's gains, as weak US job openings data fueled expectations of a Federal Reserve interest-rate cut. Markets are pricing in a September cut and anticipating at least two reductions this year.
US dollar Islamic bonds: What is it? As world's biggest oil company Aramco plans to raise $3-$4 billion for Sukuk that follows Shariah principles
Saudi Aramco during its earnings call in August said it planned to continue borrowing, adding that the company's balance sheet gearing was among the lowest in the industry.
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.
Rupee up for second day on bets of short-term rebound despite tariff-related risks
The Indian rupee ended higher on Wednesday even as most Asian currencies fell, with market participants betting on the unit staging a recovery in the near term, while weakness in the dollar index and strong local shares also aided sentiment.
Japan's budget demands hit record $831 billion as political uncertainty increases
Japan's budget requests for the next fiscal year have reached a record high for the third consecutive year, totaling 122.45 trillion yen, driven by rising debt-servicing costs, defense spending, and social security outlays. Political uncertainty surrounding Prime Minister Ishiba's leadership and potential changes within the LDP are fueling market concerns about fiscal health.
GST, tariffs, and market moves: Manishi Raychaudhuri decodes what investors should watch out for
India’s GST meeting may cut tax slabs on discretionary items, potentially boosting consumption if benefits reach consumers. Global trade tensions, especially U.S. tariffs, pressure exporters, while rising bond yields reflect inflation concerns. Precious metals remain safe-haven favorites amid geopolitical risks, keeping investors cautious yet opportunistic.
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.
Sterling, yen dragged by fiscal and political worries
The British pound and yen faced pressure amid global fiscal concerns and Japanese political uncertainty. UK's borrowing costs surged, impacting sterling, while Japan's yen weakened following a ruling party official's resignation announcement. This boosted the dollar against other currencies. Investors are also closely monitoring upcoming U.S.
Treasuries stabilize after debt-sale jitters and budget concerns rattle markets
Treasuries stabilized in Asian trading following corporate-debt sales and budget worries that impacted bonds and stocks. US 30-year bond yields remained near 5%, affecting tech shares, while Japan's ultra-long bonds also declined. Investors are navigating economic data, tariffs, Fed policy, and fiscal outlooks as the S&P 500 experiences minimal gains.
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.
Treasury chaos: 30-year yield soars past 4.97% as US faces tariff refund threat
Treasury yields moved higher as investors worried about the future of U.S. tariffs after a key court ruling. The 30-year yield crossed 4.97%, its highest in weeks, while global bond markets also saw a sharp rise. The case over Trump tariffs has now created fresh questions for Wall Street, government revenue, and market stability.
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.
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.
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.
Wondering why RBI rate cuts haven't made your EMI bill lower? Herein lies the answer
The realities of the bond market, inflation expectations and fiscal uncertainties are complicating matters when it comes to rate cut transmission. Borrowers have been left waiting for relief as the intended benefits of the RBI's rate cut are not filtering through to the lending rates.
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.
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