Evidence of waning appetite for Indian bonds
May 13's treasury bills auction failed; forced purchases made to save an offering 2 days later
Mumbai
IF this month's US$1.4 billion withdrawal by global funds isn't enough to signal faltering demand for Indian bonds, here's more evidence.
An auction of treasury bills failed for the first time since February on May 13, while underwriters had to rescue an offering of sovereign notes two days later in the first such forced purchases since August. A sale of 2026 government bonds on May 15 saw the least bids as a proportion of debt on offer since they were first sold in November.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April