India's OIS factors in one more rate hike; bond yields near top - traders
"The short-end of the OIS curve is completely factoring in one more rate hike over the next few months while talks of rate cuts have died down for now," said Vijay Sharma, senior executive vice president at PNB Gilts
Indian bond yields flattish, Friday's debt auction to provide cues
Bond yields have eased in the last few sessions, tracking their U.S. peers and moves in the overnight indexed swap (OIS) rates. U.S. yields and Indian swaps fell on rising speculation that the Fed's rate hike on July 26 would be its last in the current tightening cycle. The 10-year U.S. yield was around 3.75%, while the five-year OIS was at 6.21%.
Market jitters in an event-heavy week lead to spike in bond shorts
The special segment of the Clearing Corporation of India's ClearCorp Repo Order-Matching System has shown an unusually large volume of transactions in the 10-year benchmark bond over the past couple of days, treasury executives said.