Free Trial

Inflationary Concerns Likely To Weigh On Bonds

INDIA

Bonds are expected to come under pressure today due to higher crude prices; oil prices rose after the OPEC+ group stuck to the script and raised output by 400k bpd, despite speculation of an 800k bpd rise. Bonds declined on Monday, under pressure after data showed the trade deficit widened to an all-time high. Markets await the RBI's INR 2tn 7-day reserve repo operation today, the previous operation finished with a higher than expected yield cut off which stoked concerns around policy tightening from the RBI. Looking ahead PMI figures are due later today, though the main focus will be the RBI rate announcement on Friday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.