Trial now
MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

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Bonds are expected to come under pressure again today as oil prices continue to rise with Brent claiming the $75/bbl handle.

  • Yesterday the RBI converted INR 67bn of short dated bonds to longer maturities under its switch operation, less than the INR 100bn announced.
  • Elsewhere there were reports yesterday that Central Bank of India and Indian Overseas Bank hhhad been shortlisted for divestment by the government. According to reports the two banks may see 51% sale in first phase.
  • On the coronavirus front India administered 8.62 million vaccine doses in the last 24 hours, a daily record. There were 42,640 cases in the past 24 hours.
  • Markets will look ahead to an INR 191bn state debt sale today, results due after 1030BT/1500IST.