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Bond Yields Surge, Market Expects More RBI Intervention Bond Yields Surge, Market Expects More RBI Intervention The benchmark 5-year bond yield was trading at 5.77, after rising to 5.82 per cent, its highest since April 16. Updated: February 22, 2021 3:24 pm IST Indian bond yields surged on Monday, tracking a rise in US Treasury yields and as underwriters sold off bonds in the open market they were forced to buy at an auction on Friday. Bond yields have seen an upward bias as investor appetite has been low despite the Reserve Bank of India's assurance that it would provide ample liquidity...

Blog Blog Blog Blog 17 Feb, 2021 Author Matt Smith South Africa's major banks need to improve transparency around their financing of fossil fuel industries, according to industry observers, who describe the current disclosures as "trivial" and "not meaningful." Environmental, social and governance issues were key features of President Cyril Ramaphosa's state of the nation address in the week of Feb. 8, in which he outlined plans for a "just transition to a low-carbon economy and climate-resilient society." South Africa is one of Africa's wealthiest...

South Africa's banking sector stocks are cheap and the future looks positive for the big four, according to US lender JPMorgan.

Explained | Why RBI is buying bonds worth Rs 20,000 crore and other questions answered The RBI needs to keep the bond market happy and yields within a limit so that the government’s Rs 12.06 lakh crore borrowing plan has a smooth run. February 08, 2021 / 06:57 PM IST The Reserve Bank of India will on February 10 purchase government securities under an open market operation (OMO) for Rs 20,000 crore, the central bank said on February 8 as it looked to calm the bond market. The announcement saw the bond yields that have jumped in the last few days ease to 6.03 percent from 6.07 percent o...

While the central government plans to raise capital expenditure by 26 per cent in the upcoming year, current spending to cover establishment expenses, welfare schemes and interest payments is set to fall 2.7 per cent to Rs 29.3 trillion in 2021-22, from Rs 30.1 trillion in FY21. What could be worrisome is that revenue expenditure would fall 8.6 per cent in FY22 if we exclude interest payments, which go into servicing outstanding debt, Budget documents show. The continuing fiscal stimulus is thus heavily tilted towards capex, to the extent that it chips away a part of revenue spending. Acco...