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Business Recorder
5 days ago
- Business
- Business Recorder
India bonds bound in tight range with fewer cues in sight
MUMBAI: Indian government bonds ended largely unchanged on Friday, as traders eased back after a brief rally post-debt sale, in absence of fresh triggers. The yield on the benchmark 10-year bond ended at 6.3058%, compared with Thursday's close of 6.3010%. India's ultra-long bonds rallied during the day, led by the 30-year paper, with the yield down 4 basis points after stronger-than-expected demand at New Delhi's debt sale. India's Bajaj Finserv mutual fund and Bandhan mutual fund find this space attractive and are running positions in the 30-year paper. New Delhi sold bonds worth 270 billion rupees ($3.14 billion) during the day, including 120 billion rupees worth of 7.09% 2054 bond at 6.98% yield, which was lower than market estimates. Meanwhile, rate-cut bets in the market are inching up after a six-year low inflation print in June, traders said. India bonds stuck as trading interest plummets 'Other than the base-effect driven decline in food inflation, most other measures of underlying inflation are already around 4%, indicating scope for just one more rate cut. While we anticipate it in October 2025, the risk is it can be brought forward,' ANZ Research said in a note. Lower US Treasury yields aided sentiment during the day, with the yield on the 10-year bond at 4.43% in Asian hours, down 3 basis points from previous close. Rates India's overnight index swap rates (OIS) saw receiving pressure during the day, amid rising rate-cut wagers and lower U.S. Treasury yields. Activity in India's one-year overnight index swaps, however, has dried up since the central bank started conducting operations to remove liquidity from the banking system. The RBI began conducting these variable rate reverse repos from June 27. The one-year OIS rate was down 1 basis point at 5.50% and the two-year OIS rate similarly fell to 5.47%. The liquid five-year dropped 2 basis points to 5.70%.
Wall Street Journal
15-07-2025
- Business
- Wall Street Journal
Oil Edges Lower Amid Mixed Developments
0007 GMT — Oil edges lower in early Asian trade amid mixed developments. President Trump said Monday the U.S. will impose tariffs of up to 100% on Russia if it doesn't agree to halt hostilities in Ukraine within 50 days. The 50-day pause has eased worries that direct sanctions on Russia could disrupt crude oil flows, ANZ Research analysts say in a research report. However, sentiment has been weighed by rising trade tensions, the analysts say, noting Trump has threatened to impose 30% tariffs on EU and Mexican goods. Front-month WTI crude oil futures are 0.2% lower at $66.83/bbl; front-month Brent crude oil futures are 0.2% lower at $69.09/bbl. (
Wall Street Journal
14-07-2025
- Business
- Wall Street Journal
Oil Edges Higher Amid Supply Disruption Worries
2354 GMT — Oil edges higher in the early Asian session amid renewed worries over supply disruptions on potential U.S. sanctions against Russia. U.S. President Trump's tone around Russia has shifted in recent weeks as he becomes frustrated with Russian President Putin's apparent lack of desire to end the war with Ukraine, ANZ Research analysts say in a research report. Trump has reiterated criticism of Putin and said he plans to make a major statement on Russia this week, the analysts add. Front-month WTI crude oil futures are up 0.1% at $68.53/bbl; front-month Brent crude oil futures are 0.2% higher at $70.48/bbl. (
Wall Street Journal
11-07-2025
- Business
- Wall Street Journal
Oil Gains Amid Rising Geopolitical Tensions in Middle East
0005 GMT — Oil is higher in the early Asian session. 'Traders are mindful of rising geopolitical tensions in the Middle East,' ANZ Research analysts say in a research report. 'Houthi attacks in the Red Sea have sunk two cargo vessels and left multiple crew members dead,' the analysts say. 'This escalation could raise the risk of supply disruptions, that has evaporated since the ceasefire between Israel and Iran,' the analysts add. Front-month WTI crude oil futures are up 0.4% at $66.85/bbl; front-month Brent crude oil futures are 0.3% higher at $68.86/bbl. (
Wall Street Journal
10-07-2025
- Business
- Wall Street Journal
LME Copper Prices Inch Up Amid Tariff Fears
0843 GMT – London copper prices edge higher in early trading, as the market weighs the impact of President Trump's 50% import tariff on the metal. LME three-month futures are up 0.1% at $9,671 a metric ton following a volatile session on Wednesday. 'The ultimate impact will likely be decided by how the tariff is implemented,' analysts at ANZ Research say. 'While refined metal is the likely target, any levy of semi-processed materials such as copper wires could cause even further disruption.' The flow of copper into the U.S. is expected to strengthen in the coming weeks as a result of tariffs, potentially tightening the market in other key markets—such as Europe and China—and putting upward pressure on prices, the analysts say. ( 0832 GMT – Gold prices tick higher after minutes from the Federal Reserve's June policy meeting revealed officials are split over the outlook for interest rates. Futures rise 0.2% to $3,329.50 a troy ounce, supported by a softer U.S. dollar after President Trump announced new tariff rates. 'If inflation data continues to cool, the likelihood of a Fed rate cut in September will become clearer, potentially weighing on the dollar and paving the way for further gold upside,' says Linh Tran, market analyst at Meanwhile, trade tensions continue to cloud the global economic growth outlook, with fresh tariffs expected to drive inflationary pressures through higher import costs. That dynamic could reinforce gold's role as a hedge against macroeconomic instability, says Tran. (
