The euro was steady Wednesday; with bearish investors selling at higher levels as concerns mounted that debt contagion would ensnare Italy and as general unease prevailed about the euro zone before crucial Greek election. Even yields on normally safe-haven German bonds climbed in clear signal that investors are increasingly gloomy about the euro zone. Some […]

India’s IIP growth flatlined in April, piling pressure on policy makers to cut rates and revive the economic fortunes of the BRIC nation that S&P’s warned could be downgraded to junk status because of political inaction. The ratings agency said India’s leaders had strayed from the path of economic liberalization and the country could become […]

    Prices of most government bonds ended lower as traders reduced positions to make room for the 150 billion rupees worth of bonds auctioned on Friday. The government today sold 30 billion rupees worth of 8.24%, 2018 bond, 70 billion rupees of a new 10-year bond, 30 billion rupees of the 8.97%, 2030 bond, […]

 US dollar edged higher against the euro. Risk sentiment soured after Fed chairman Ben Bernanke said fed is ready to act if the euro zone problems spill over, but he gives few hints on any immediate monetary easing. EURO The euro hovered near one week highs on Thursday and growth linked currencies were supported by […]

  Bond yields rise as debt auction is eyed: Indian federal bond prices snapped a four day winning streak on Wednesday as traders booked profits ahead of a debt auction on Friday that will introduce a new ten year paper. Traders remained bullish as the bond market is increasingly betting the RBI will cut interest […]

Overnight indexed swap rates ended flat amid global risk aversion, as traders refrained from building big positions, waiting for the outcome of the conference call of the finance ministers of the Group of Seven countries on the Euro zone debt crisis. The one-year OIS and the five-year OIS today ended flat at 7.60-7.66% and 7.24-7.30%, […]