Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News
    • Capri Global Capital annonce que Quant Mutual Fund augmente sa participation dans la société à 5,96 %
    • Yilgarn Iron Investments Pty Ltd finalise l’acquisition du complexe Yilgarn Hub Iron Ore auprès de Mineral Resources Limited
    • Rs 6,000 SIP Vs Rs 6,00,000 Lump Sum: Which can generate a higher corpus in 30 years?
    • Jio BlackRock Mutual Fund makes debut with three debt scheme launches
    • L’intégrale de BFM Bourse du lundi 30 juin
    • BFM Bourse : 17h/18h – 30/06
    • Is UTI Large & Mid Cap Fund right for you? Key insights for 2025 investors
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Bonds»India 10-year bond yield hits over 2-yr low as domestic demand persists
    Bonds

    India 10-year bond yield hits over 2-yr low as domestic demand persists

    July 30, 2024


    Indian government bond yields retreated in early trading on Tuesday amid continued demand from domestic banks, with the benchmark 10-year bond yield hitting a more than two-year low. The benchmark yield was at 6.9145% as of 10:00 a.m. IST, compared with its previous close of 6.9184%. The yield fell to 6.9088% earlier in the session, its lowest since April 7, 2022.

    “We are witnessing continued demand from local banks, and we could see test of 6.90% today, but for any further moves, traders will wait for the Federal Reserve policy decision,” trader with a state-run bank said.


    Demand from local banks has increased after the Reserve Bank of India released draft guidelines to bolster the liquidity resilience of lenders, which if implemented could lead to more demand for government securities.

    Traders say some private and state-run banks have been buying since the last two sessions, as they will fall short of the requirement, and this should persist through this week.

    Meanwhile, U.S. yields slipped as investors awaited the Fed‘s policy decision due on Wednesday, in which the central bank is expected to signal the start of rate cuts from September.

    Investors will also pay close attention to Chair Jerome Powell’s remarks, and any dovish tilt could cement bets of 75 basis points reduction in 2024.

    Investors have priced in 66 bps of rate cuts till the end of this year, according to the CME FedWatch tool.

    Aiding sentiment, oil prices extended declines from Monday, with the benchmark Brent crude futures slipping below $80 per barrel for first time in seven weeks amid concerns about Chinese demand.

    India is one of the largest importers of crude, and a sustained fall aids inflation outlook.

    The government will sell bonds worth 220 billion rupees ($2.63 billion) on Friday, while states will raise 295 billion rupees via debt sale later in the day. ($1 = 83.7280 Indian rupees)
    Whatsapp Banner

    (You can now subscribe to our ETMarkets WhatsApp channel)



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Voici nos 12 idées de sorties à Lille et dans ses alentours pour ce dimanche 29 juin

    June 28, 2025

    MLB : Une statue de Barry Bonds sera installée aux abords du Oracle Park

    June 26, 2025

    San Francisco | Barry Bonds aura une statue aux abords du Oracle Park

    June 26, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News

    June 30, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    Quel est le rôle du service des impôts des particuliers (SIP) ?

    May 7, 2020
    Don't Miss
    Mutual Funds

    Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News

    June 30, 2025

    Do you also want to invest in mutual funds, but are unable to save a…

    Capri Global Capital annonce que Quant Mutual Fund augmente sa participation dans la société à 5,96 %

    June 30, 2025

    Yilgarn Iron Investments Pty Ltd finalise l’acquisition du complexe Yilgarn Hub Iron Ore auprès de Mineral Resources Limited

    June 30, 2025

    Rs 6,000 SIP Vs Rs 6,00,000 Lump Sum: Which can generate a higher corpus in 30 years?

    June 30, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Lone Star Funds vend AOC à Nippon Paint Holdings

    March 4, 2025

    Bonds and gold begin countdown to US Election Day

    October 22, 2024

    Where Innovation Meets Real Estate Excellence

    October 22, 2024
    Our Picks

    Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News

    June 30, 2025

    Capri Global Capital annonce que Quant Mutual Fund augmente sa participation dans la société à 5,96 %

    June 30, 2025

    Yilgarn Iron Investments Pty Ltd finalise l’acquisition du complexe Yilgarn Hub Iron Ore auprès de Mineral Resources Limited

    June 30, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.