World▲ Positive
Dollar bonds to lose some lustre as US yields surge
Indian markets moved higher.
· Economic Times Markets
Overseas bond sales may moderate as the US Federal Reserve increases interest rates. Bank of Maharashtra priced its debut bond at a higher yield than Union Bank of India. Indian companies have raised over $20 billion in dollar bonds this year. Higher US treasury yields increase the all-in cost for Indian issuers. Issuers may frontload fundraising before rates potentially rise further.
Market context
- The immediate tone of coverage reads positive.