India's 10-year bond yield at over 13-month high as inflation disappoints
- By Reuters |
- Nov 14, 2017
- Last Updated at 11:11 IST
MUMBAI - India's benchmark 10-year bond yield rose to its highest in over 13 months as higher-than-expected October inflation dashed rate cut expectations.
The 10-year bond yield went up as high as 7.01 percent, the highest since Sept. 29, 2016, after October inflation rose to 3.58 percent as food and fuel prices accelerated. The paper had closed at 6.97 percent on Monday.
Traders expect yields to rise further as state-run banks, the usual buyers in the secondary market, sit on heavy losses.
"We keep saying that state-run banks will come and buy, but are they mad, can't they see the realities that those days of bond rally are over now?" said a trader.
"They can't keep adding to speculative risks because even for that they need capital to provide for the mark-to-market losses."
The 10-year paper has risen by 50 basis points since the start of July as concerns over global rate tightening and upside risks to inflation back home surfaced.
RELATED NEWS
Posted on 14- Feb- 2019
Posted on 13- Feb- 2019
Posted on 13- Feb- 2019
Posted on 12- Feb- 2019
.jpg)
Posted on 12- Feb- 2019
.jpg)
Posted on 11- Feb- 2019
Posted on 11- Feb- 2019
Posted on 09- Feb- 2019
Posted on 08- Feb- 2019
Posted on 05- Feb- 2019
The Big Stories
Pulwama Attack: Reliance Foundation Offers Free Education and Employment to the Families of Jawans... Read More
Resolution Passed to Condemn Terrorism in all Forms in All Party Meet Over Pulwama Attack... Read More
All Party Meeting to Discuss Action on Pulwama Attack Begins in Parliament... Read More
Automakers brace for U.S. government report on import tariffs... Read More
U.S.-China trade talks to resume next week, Trump hints at extension... Read More
India Bids Teary Goodbye to Pulwama Martyrs, Bodies Reach at Respective Native Places... Read More
LIVE ADVISORY
TESTIMONIALS
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advis... Read More
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advisorymandi,com teaches us, how to trade in share market in proper way. Personalized services also tell you about your services like, phone calls, reminders & other suggestions are really very appreciable with polite conversations. Outstanding team effort as they are very cooperative , polite and helps in sorting out problems and queries in best possible manner.
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG... Read More
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG THANKS for their virtuoso services.
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It... Read More
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It is a best Platform for a beginner who has just started trading. Employee of advisorymandi are very friendly. They are always ready for you to help in any condition. From my opinion every beginner who wants to be a successful trader , they the should join "ADVISORYMANDI.COM"
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL... Read More
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL DONE!! ADVISORYMANDI.COM AND TEAM
OPINION POLL
Will Nifty breach 10600 till expiry?
- YES
- NO
- CAN'T SAY
