Halister News

(Bloomberg) -- RBI to hold underwriting auctions for Friday’s INR150b govt bond sale; Sebi cautious of masala bond inflows on rupee appreciation.

• Sebi pushing mutual funds to cut costs, merge plans: Mahalingam
• Global funds add to Thailand, Indian Debt, cut Korean bonds
• BNP recommends sell on GCX bonds on earnings, asset-sale concern
• HDFC Bank’s corporate banking head is said to join Citigroup
• INR bonds seeking clues from central bank actions: Trust Capital
• Sensex declines as North Korea missile threat persists
• Traders most bullish on India since 2015 even as ETF sees exits
• Eicher Motors is said set to make $1.8B bid for Ducati: ET
• JM Financial ARC offers to buy out loans to Gujarat NRE: Mint
• Coal India’s large state customers are said to dispute pricing
• Treasuries sold off in afternoon session after reports of President Trump siding with Democrats to agree on a three-month debt-limit extension, while T-Bill curve steepened in response, from October maturities out to December tenors
  • 10Y yield -1bp to 2.09% as of 7:18am in Mumbai
• S&P 500 futures -0.1% to 2,461; cash closed +0.3% at 2,465.54

BONDS

• PRICED: Nabard INR15b tap of Sept. 2020
• CLOSED: HDFC, M&M Financial, Tata Capital
• India Bond Pipeline
• India Ratings

INDIA MARKETS

• Yield on India’s 6.79% May 2027 bond +2bps at 6.53%; benchmark 10Y YTD range 6.37%-6.99%
• Yield on 5Y AAA INR corporate notes little changed at 7.27%; YTD range 7.14%-7.81%
• JPMorgan India USD bond index -2bps to 4.12%; YTD range 4.1%-4.58%
• INR little changed at 64.1050/USD; 1-mo. USD/INR NDF 64.32%; 3-mo. USD/INR NDF 64.67
• 1Y INR swap rate at 6.11%; 5Y MIFOR 6.0750%; call money rate 5.75%
• CNX Nifty Index futures +0.3% to 9,977 as of 9:49am in Singapore; cash -0.4% to 9,916.20; BSE Sensex -0.5% to 31,661.97

To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net To contact the editors responsible for this story: Neha D'silva at ndsilva1@bloomberg.net Chan Tien Hin