Bond yields News

Earlier this month, the five-year, 10-year and 30-year TIPS breakeven rates hit 2.15 percent, 2.13 percent and 2.13 percent, respectively, their highest levels since December 2015.

The bond market, which got a shot in the arm on Friday after Moody`s upgraded India`s sovereign rating pared almost all the gains on that day, resumed the rally on Monday boosted by the cancellation of OMO sale which to traders was a signal that the central bank was not happy with high yields.

Asian shares and gold retreated on Wednesday and bond yields were near two-week highs as markets were rattled by a media report flagging the possible withdrawal of the European Central Bank`s bond buying program.

Private sector mortgage lender HDFC raising Rs 3,000 crore via masala bonds is expected to open the gates for other corporate peers to access this alternate source of funds, says Japanese financial services major Nomura.

Bonds rates are expected to firm up further in anticipation that the US Federal Reserve will raise rates.

Gold extended losses into a second day on Thursday as a steadier dollar and higher bond yields dented its investment appeal, while uncertainty over the timing of a U.S. rate rise also weighed.

Asian shares enjoyed their best session in 18 months on Thursday as investors priced in a later start and a slower pace for future U.S rate rises, slashing sovereign bond yields from Japan to Australia.

Yields on bonds of southern eurozone countries touched record lows in secondary trading Friday, a day before the ECB is slated to begin 60 billion euros (USD 66 billion) in monthly purchases.

Shares rose and the safe-haven Swiss franc fell against the euro on Monday after Greece reached a conditional deal with its international partners to avert an immediate financial crisis.