Indian Bond Prices Slip on US Yields, State Supply Offers Partial Support
Market
C
CNBC TV18•19-01-2026, 15:06
Indian Bond Prices Slip on US Yields, State Supply Offers Partial Support
- •Indian bond prices declined, mirroring the rise in the 10-year US Treasury yield.
- •Market pressure was partially offset by a lower-than-expected state government bond supply of ₹130 billion, down from ₹386 billion.
- •Kerala Infrastructure Investment Fund plans to raise ₹15 billion via a 10-year bond issue.
- •Corporate bond market saw activity with Torrent Pharma raising ₹110 billion and other firms like Sammaan Capital, Muthoot Finance, Bajaj Housing Finance, and PNB Housing Finance raising funds via NCDs.
- •Upcoming issuances include Power Finance Corp's ₹50 billion bond and Axis Bank's ₹1.5 billion perpetual bonds.
Why It Matters: Indian bond market faces pressure from rising US yields, but reduced state supply provides some stability.
✦
More like this
Loading more articles...
