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(Bloomberg) -- A selloff in India’s sovereign bonds is poised to start. Yields for 10-year bonds may surge almost 50 basis points in the next six months as the government unleashes a record borrowing program, according to a survey of 10 traders.
Economists and analysts are unanimous that the Reserve Bank has embarked on the long road to policy normalisation, and ending the special bond buying programme means both the economy in general and the Centre in particular will have to pay more for debt. At the fourth bi-monthly monetary policy review on Friday, the RBI's rate setting panel MPC left all the key rates unchanged
The benchmark yield in India’s one-trillion-dollar sovereign bond market is holding remarkably steady despite a ballooning government borrowing program. A possible reason for the lull is that the central bank now holds more than half of the closely watched 10-year bond. The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists, two tranches of government securities acquisition program and indirectly via a special auction in February, Bloomberg calculations show. The number is l...
(Bloomberg) -- The benchmark yield in India’s one-trillion-dollar sovereign bond market is holding remarkably steady despite a ballooning government borrowing program. A possible reason for the lull is that the central bank now holds more than half of the closely watched 10-year bond.The Reserve Bank of India has lifted its holding of the 5.85% 2030 bond to 545 billion rupees ($7.5 billion) or at least 52% of the total outstanding via Operation Twists, two tranches of government securities acqui
Read more about RBI plans Rs 3 trillion in sovereign bond purchases to cap yield at 6% on Business Standard. The Reserve Bank of India has so far bought about Rs 2.5 trillion of net debt in the current financial year