India Budget Carried Little to Boost Bond Market -- Market Talk

Dow Jones02-01 21:24

1324 GMT - The bond market isn't expected to get a boost from the India budget, with yields likely to rise in the near-term, says Radhika Rao at DBS. "Bond markets are likely to eye the scale of gross borrowings with trepidation," the senior economist says in a note. She notes that the FY27 gross borrowing target has been set at a record high of INR17.2 trillion, compared with DBS's forecast ofINR16.5 trillion and INR15.5 trillion in FY26. The Reserve Bank of India has been amongst the bigger buyers of government securities in the past year, and this is likely to continue until the domestic players, led by banks, make a comeback to better balance the supply-demand mix, she adds. (monica.gupta@wsj.com)

(END) Dow Jones Newswires

February 01, 2026 08:24 ET (13:24 GMT)

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The Reserve Bank of India has been amongst the bigger buyers of government securities in the past year, and this is likely to continue until the domestic players, led by banks, make a comeback to better balance the supply-demand mix, she adds. (monica.gupta@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 01, 2026 08:24 ET (13:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>India Budget Carried Little to Boost Bond Market -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia Budget Carried Little to Boost Bond Market -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-01 21:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1324 GMT - The bond market isn't expected to get a boost from the India budget, with yields likely to rise in the near-term, says Radhika Rao at DBS. \"Bond markets are likely to eye the scale of gross borrowings with trepidation,\" the senior economist says in a note. She notes that the FY27 gross borrowing target has been set at a record high of INR17.2 trillion, compared with DBS's forecast ofINR16.5 trillion and INR15.5 trillion in FY26. The Reserve Bank of India has been amongst the bigger buyers of government securities in the past year, and this is likely to continue until the domestic players, led by banks, make a comeback to better balance the supply-demand mix, she adds. (monica.gupta@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 01, 2026 08:24 ET (13:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0630378429.USD","symbol_name":"HSBC GIF ASIA PACIFIC EX JAPAN EQ HD \"AM2\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608007880","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608007880","pubTimestamp":1769952240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1324 GMT - The bond market isn't expected to get a boost from the India budget, with yields likely to rise in the near-term, says Radhika Rao at DBS. \"Bond markets are likely to eye the scale of gross borrowings with trepidation,\" the senior economist says in a note. She notes that the FY27 gross borrowing target has been set at a record high of INR17.2 trillion, compared with DBS's forecast ofINR16.5 trillion and INR15.5 trillion in FY26. The Reserve Bank of India has been amongst the bigger buyers of government securities in the past year, and this is likely to continue until the domestic players, led by banks, make a comeback to better balance the supply-demand mix, she adds. 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She notes that the FY27 gross borrowing target has been set at a record high of INR17.2 trillion, compared with DBS's forecast ofINR16.5 trillion and INR15.5 trillion in FY26. The Reserve Bank of India has been amongst the bigger buyers of government securities in the past year, and this is likely to continue until the domestic players, led by banks, make a comeback to better balance the supply-demand mix, she adds. 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