21 Aug 2013
Bond markets eye FOMC, Rupee supported by RBI
FXstreet.com (Barcelona) - Global bond prices are volatile ahead of tonight’s FOMC minutes.
Meanwhile, German government bonds are down while yields are headed to 17 month highs as investors are nervous ahead for minutes from FOMC July meeting. The market is looking for signals that could see the Fed curtailing their monetary stimulus next month. In the same respect, we have seem Italian and Spanish bonds tail off for the third consecutive day this week.
RBI seeks to support Rupee and tame bond yields
India are easing cash curbs to tame surging bond yields. The central bank said it is going to buy long dated government debt after cash supply curbs to support the rupee prompted a surge in yields and both bonds and shares jumped to four year highs. Once again, Fed tapering is seen as a risk while 10 yr bonds touched 9.48% yesterday as the nation struggles to curb capital outflows.
Meanwhile, German government bonds are down while yields are headed to 17 month highs as investors are nervous ahead for minutes from FOMC July meeting. The market is looking for signals that could see the Fed curtailing their monetary stimulus next month. In the same respect, we have seem Italian and Spanish bonds tail off for the third consecutive day this week.
RBI seeks to support Rupee and tame bond yields
India are easing cash curbs to tame surging bond yields. The central bank said it is going to buy long dated government debt after cash supply curbs to support the rupee prompted a surge in yields and both bonds and shares jumped to four year highs. Once again, Fed tapering is seen as a risk while 10 yr bonds touched 9.48% yesterday as the nation struggles to curb capital outflows.