India Bond Traders Seek Buybacks as Yields Climb Despite Switch

Reserve Bank of India Executes Large Bond Switch as India Prepares for Record Borrowing

India’s central bank said on Thursday that the federal government has conducted a sizable bond switch operation, buying back securities maturing in the next fiscal year and issuing longer-dated debt due in 2040, as part of a broader strategy to manage refinancing risks ahead of record borrowing. Under the operation, the government repurchased 755.04 billion […] The post Reserve Bank of India Executes Large Bond Switch as India Prepares for Recor…

India bond traders seek buybacks as yields climb despite switch

Indian bond market participants say that the market will ​need further support, particularly via buybacks, ​to cool yields significantly, after government bonds surrendered the gains ​triggered by a surprise debt switch.