Bond Traders Await Rs 32,000 Crore Debt Supply

Rupee bond traders will watch if a 320b rupee bond sale on Friday will dampen a rally in the nation’s debt this week that was led by short-covering and demand from banks. 10-year yields fell 5bps to 7.11% on Wednesday, they’re down 11bps so far this week USD/INR dropped 0.4% to 76.2100 on Wednesday. Global funds sold net Rs …

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Bond Traders Await Rs 32,000 Crore Debt Supply via @goldsilverrepor

Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019

Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019.

  • Yield on benchmark 10-year government bonds climbed 5bps to 6.94% Friday and is up 19bps this week.
  • This is the biggest weekly jump since December 2019 and come after the government unveiled record borrowing plan for the next year.

Source: Bloomberg

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Indian Bonds Are Poised For The Worst Weekly Decline Since December 2019 via @goldsilverrepor