On February 1, Sitharaman in her last Budget of the Modi 2.0 government announced that the gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.13 and 11.75 lakh crore, respectively, which are lower from FY 2023-24. The move is aimed at facilitating a larger availability of credit for the private sector, the FM had said.
The positive news from inclusion in the JP Morgan Bond Index and stable demand from PSBs and Mutual funds is said to have arrested its increase, , us fed, bond yields, Indian bond yields, US Bond Yields, reserve bank of india
Indian states will raise 270 billion rupees ($3.25 billion) through a sale of bonds later in the day, while New Delhi will mop up 390 billion rupees on Friday. Indian money markets will remain shut on Thursday for holiday.
Indias economy is doing well when compared to other emerging as well as developed economies. Further, inflation is also likely to trend lower in the coming months, which will keep conditions conducive for the Reserve Bank of India to stay put on rates.
Bond yields have eased in the last few sessions, tracking their U.S. peers and moves in the overnight indexed swap (OIS) rates. U.S. yields and Indian swaps fell on rising speculation that the Fed s rate hike on July 26 would be its last in the current tightening cycle. The 10-year U.S. yield was around 3.75%, while the five-year OIS was at 6.21%.