Wednesday, 18 May, 2022
TopicBonds

Topic: Bonds

Why global investors are dumping Indian bonds like never before

The exit of foreign investors from India's bonds could become a problem for Modi government as it borrows record amounts to fight the pandemic.

Hotels, pipelines, stores — what investors with $3.4tn in Asia, Europe are buying during Covid

With asset values still seen as inflated, investors are waiting for a potential second downturn after stimulus measures end but before mass vaccinations enable economies to restart.

Fiscal deficit, coronavirus make India’s high-yielding bonds the least popular in Asia

Overseas funds have sold $14.6 billion of Indian corporate and government bonds this year, the most among emerging-Asian nations.

India’s bond market is so hot even Baba Ramdev is selling debt

Baba Ramdev’s Patanjali & Wipro are among 91 maiden bond sellers this year compared to only 61 making their bond-market debut in the same period 2019.

Foreigners are fleeing India’s bond market just when it needs them most

The amount of sovereign securities held by global funds has slumped Rs 76,700 crore from this year’s peak in February as steep hedging costs diminished pay-offs.

How state govts are crowding out cash-strapped companies from debt market

State govts are planning to crank up bond sales by 18.2% this quarter from a year earlier to make up for a decline in tax revenue due to slowdown.

Foreigners are dumping Indian bonds fearing widening fiscal deficit

Global funds have turned net sellers of India’s sovereign bonds for the first time in four months, as expectations grow of a wider fiscal deficit.

After rough and tumble of 2019, Indian bonds greet 2020 with hope

The negative narrative surrounding India’s debt market comes at a time benchmark yields are set for first annual drop in 3 years.

Fears of stimulus package keep Indian bond prices in check

Scepticism over Modi govt’s fiscal restraint persists & bond gains sparked last week by a record fund transfer from RBI didn’t last even one session.

After Modi govt announcements, Indian stocks, bonds rally despite selloff in rest of Asia

Equities bucked the selloff in Asia as trade tensions that roiled stocks globally eased somewhat following Donald Trump stating that China asked to re-start trade talks.

On Camera

YourTurn

Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
File image of Tata Group's headquarters in Mumbai | Photo: Dhiraj Singh | Bloomberg

Tata in acquisition talks with as many as 5 brands, to bolster position in consumer goods sector

The conglomerate will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani’s Reliance Industries.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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