Indian bond yields flat as traders seek directional cues
时间:2024-06-26 13:15:57 阅读(143)
Indian government bond yields were flat in the early session on Wednesday, as traders pause purchases to assess the outlook on yields and look out for fresh triggers for further directional moves. The benchmark 7.26% 2033 bond yield was trading at 7.0704% as of 10:00 a.m. IST after ending the previous session at 7.0566%.
“At 7.05%-7.06% levels for the benchmark, most would not be entering major longs, as all positives seem to be factored in, and hence we may be in for a couple of days of sideways trading,” a trader with a state-run bank said. Bond yields have been easing recently, tracking sharp receiving in overnight indexed swap (OIS) rates amid strengthening bets of the U.S. Federal Reserve pausing its rate hike cycle after July.
The next major trigger would be the Fed policy decision due on July 26, where markets will focus on the guidance provided by Chair Jerome Powell, with a 25 bps rate hike already factored in. The odds of a 25 bps hike in July remain around 92%, but that of another hike after that have come down sharply.
Back home, traders await treasury bill supply, with the central bank selling notes worth 240 billion rupees ($2.92 billion) later in the day. New Delhi will also raise 310 billion rupees through the sale of bonds on Friday, which includes 140 billion rupees of a new 14-year bond, with traders expecting cutoff yield in the 7.13%-7.18% range.
上一篇:Gold Price Today, September 29, 2023- MCX gold trades flat; traders eye US Core PCE price index data
猜你喜欢
- Gold Price Today, 18 Nov 2022- Gold trades flat as US dollar falls on hawkish US Fed; may remain volatile
- Petrol and Diesel Rate Today, 21 December- Fuel rates steady; Check prices in Delhi, Mumbai, other cities
- Govt to launch 2nd version of National Career Service portal in 2024; prod states on labour reforms
- Gold Price Today, 25 April 2022- Gold falls on weak global cues; prices could hover in Rs 51650- 52500 range
- Gold Price Today, 28 July 2022- MCX Gold jumps as US Fed raises interest rates; support at Rs 50600
- ITC shares outperform Nifty, up 20% so far in 2022; analysts see 27% further rally, check target price
- Good governance- Kerala CM Pinarayi Vijayan unveils new recruitment board for transparent hiring process in state’s PSUs
- Govt allows duty-free import of 20 lakh tn per yr of crude soyabean, sunflower oil
- Petrol, Diesel Price Today, 25 Sep 2022- Fuel cost steady; check rates in Delhi, Mumbai, Noida, other cities