AIMIN

Nuvama Fixed Income Advisory Report : Bond Vector Sep-10-2026

• On Thursday, the 10Y benchmark (6.94% GS 2036) opened 1 bp higher at 6.97%, tracking the rise in crude to around $101/bbl and the hardening in 10Y UST yields to 4.85%. • Brent crude continued to trade above $100 and touched $102 intraday, amid retaliatory US-Iran strikes on commercial vessels ...

10 September, 2026 22:25:20

Nuvama Fixed Income Advisory Report : Bond Vector Sep-09-2026

• On Wednesday, the 10Y benchmark (6.94% GS 2036) opened 2 bps higher at 6.96%, tracking the rise in the 10Y UST yield to around 4.80% and elevated crude prices near $100/bbl. • Brent crude rose above $100/bbl as escalating Middle East tensions, Houthi attacks on Saudi energy facilities and fadi...

09 September, 2026 20:55:29

Nuvama Fixed Income Advisory Report : Bond Vector Sep-08-2026

• On Tuesday, the 10-year benchmark (6.94% GS 2036) opened steady at 6.96% ahead of the weekly SDL auction. • Over the day, Brent crude rose to around $99.4/bbl amid heightened Middle East tensions following Houthi attacks on Saudi energy infrastructure. The 10Y IGB touched 6.97%, tracking the i...

09 September, 2026 11:04:03

Nuvama Fixed Income Advisory Report : Bond Vector Sep-07-2026

• On Monday, the 10-year benchmark (6.94% GS 2036) opened 1 bp higher at 6.97%, tracking elevated Brent crude prices near $97/bbl. • Brent crude oil prices rose as escalating US-Iran strikes increased concerns over prolonged supply disruptions from the Middle East. • Banking system liquidity re...

07 September, 2026 18:12:06

Nuvama Fixed Income Advisory Report : Bond Vector Sep-04-2026

• On Friday, the 10-year benchmark (6.94% GS 2036) opened steady at 6.96% as participants-maintained caution ahead of the weekly IGB auction. • Brent continues to trade above $95 as the conflict in the Middle East seems to last longer amid renewed escalation in the region. • The 10Y UST eased t...

07 September, 2026 18:11:17

Nuvama Fixed Income Advisory Report : Bond Vector Sep-03-2026

• On Thursday, the 10-year benchmark (6.94% GS 2036) opened 4 bps lower at 6.94% tracking robust FCNR (B) flows at $127.2 Bn. • Total inflows reached $136.3bn, far exceeding market estimates, with $3.8 Bn via ECBs and $5.2 Bn through OFCBs. • Over the day Brent crude prices hit fresh six-week h...

07 September, 2026 18:10:13

Nuvama Fixed Income Advisory Report : Bond Vector Sep-02-2026

• On Wednesday, the 10-year benchmark (6.94% GS 2036) opened 4 bps higher at 7.00% tracking the rise in 10Y UST yields to 4.80% levels and elevated Brent crude oil prices above $95. • Brent crude remained elevated amid US-Iran tensions, Hormuz disruption risks and Trump’s warning of further acti...

02 September, 2026 19:22:07

Nuvama Fixed Income Advisory Report : Bond Vector Sep-01-2026

• On Tuesday, the 10-year benchmark (6.94% GS 2036) opened 1 bps higher at 6.96% tracking the rise in 10Y UST yields to 4.78% levels. • The 10Y UST hardened to 4.78% as surging oil prices revived inflation concerns, while Fed Chair Warsh’s hawkish tone at Jackson Hole raised expectations of fur...

01 September, 2026 21:11:09

Nuvama Fixed Income Advisory Report : Bond Vector Aug-31-2026

• On Monday, the 10-year benchmark (6.94% GS 2036) opened 3 bps higher at 6.94% tracking the rise in 10Y UST yield and elevated Brent crude prices. • The 10Y UST hardened following the hawkish undertone in Fed Chair Warsh’s Jackson Hole speech. Brent crude rose above $90/bbl amid fresh US-Iran r...

31 August, 2026 21:45:09

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II Jackson Hole Speech

US Treasury yields hardened sharply following Federal Reserve Chair Kevin Warsh’s Jackson Hole speech, as markets interpreted his remarks as a clear signal that the Fed remains prepared to tighten policy further if inflation fails to show a convincing and sustained return towards its 2% target. T...

31 August, 2026 21:44:06

Nuvama Fixed Income Advisory Report : Bond Vector Aug-28-2026

• On Friday, the 10-year benchmark (6.94% GS 2036) opened 2 bps higher at 6.91% as some participants trimmed positions ahead of the weekly IGB auction, which included the 10y benchmark security. • The cut off for the weekly IGB auction were broadly on expected lines with 6.94% GS 2036 coming at...

28 August, 2026 19:23:13

Nuvama Fixed Income Advisory Report : Bond Vector Aug-27-2026

• On Thursday, the 10-year benchmark (6.94% GS 2036) opened steady at 6.85%. Brent crude continued to trade lower, near $87/bbl, amid hopes that Iran-Qatar talks could reopen the Strait of Hormuz and ease concerns over oil supply disruptions from the Middle East conflict. • The 10Y IGB yield ro...

28 August, 2026 19:22:35

Nuvama Fixed Income Advisory Report : Bond Vector Aug-25-2026

• On Tuesday, the 10-year benchmark (6.94% GS 2036) opened steady at 6.87%, in the absence of fresh cues, with Brent crude and 10Y UST broadly unchanged overnight. • On Monday, the US announced broader economic sanctions on Iran under “Operation Economic Outcast,” aimed at restricting Iran’s ac...

28 August, 2026 19:21:48

Nuvama Fixed Income Advisory Report : Bond Vector Aug-24-2026

• On Monday, the 10-year benchmark (6.94% GS 2036) opened steady at 6.85%. • Brent crude remained elevated, trading near $92/bbl, ahead of the announcement of US economic sanctions on Iran later in the day. The US had warned of harsh economic sanctions on Iran, increasing uncertainty over prospe...

28 August, 2026 19:20:02

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II Jackson Hole Speech Preview India Fixed Income Perspective

Fed Chair Kevin Warsh’s first speech at the Jackson Hole Economic Policy Symposium comes at a time when bond markets are cautious about persistent inflation and rising government borrowing. Markets seek guidance on the recent surge in US Treasury yields and clues about the Fed's policy direction

25 August, 2026 14:46:51

Nuvama Fixed Income Advisory Report : Bond Vector Aug-21-2026

• On Friday, the 10-year benchmark (6.94% GS 2036) opened 1 bp higher at 6.88% ahead of the weekly IGB auction, as participants remained cautious. • The 10Y benchmark traded in the 6.86-6.88% range as negative sentiment persisted amid the hawkish RBI MPC minutes, elevated Brent near $93/bbl and ...

21 August, 2026 21:36:19

Nuvama Fixed Income Advisory Report : Bond Vector Aug-20-2026

• On Thursday, the 10-year benchmark (6.94% GS 2036) opened 3 bps higher at 6.85%, following the RBI MPC minutes released post-market hours on Wednesday, which carried a hawkish undertone. • The overnight easing in 10Y UST yields by 6-7 bps to around 4.63% following the US Treasury Department’s ...

20 August, 2026 19:21:28

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II RBI August MPC Minutes

The RBI's MPC meeting held during August 3-5, 2026 delivered a unanimous decision to hold the repo rate at 5.25% while retaining a neutral stance. Markets remained largely unchanged post the policy outcome, as the Governor's tone was neutral and broadly in line with expectations. However, the min...

20 August, 2026 13:45:12

Nuvama Fixed Income Advisory Report : Bond Vector Aug-19-2026

• On Wednesday, the 10-year benchmark (6.94% GS 2036) opened steady at 6.82%, as participants remained cautious ahead of the RBI MPC minutes. • Brent continued to trade above $90/bbl and touched $92/bbl intraday amid escalating tensions in the Middle East, fading hopes of a peace deal. The 10Y U...

19 August, 2026 21:33:40

Nuvama Fixed Income Advisory Report : Bond Vector Aug-18-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened 2 bps higher at 6.83%, tracking elevated Brent crude prices above $90/bbl and higher 10Y UST yields. • The 10Y UST hardened to 4.73% amid persistent inflation concerns and ahead of the FOMC minutes release on Wednesday. ...

18 August, 2026 21:42:35

Nuvama Fixed Income Advisory Report : Monthly Bond Compass July 2026 Edition

In this edition of Bond Compass, we highlight the key themes for July/early Aug 10Y IGB yields remained volatile, initially benefiting from lower crude and optimism around Bloomberg Global Aggregate inclusion, but later hardened tracking higher crude and UST yields. Bloomberg deferred India’s in...

18 August, 2026 21:41:05

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II FCNR (B) Flows From Liquidity Boost to Market Repricing

The RBI is closing the FCNR(B) deposit-mobilization window on August 31, 2026, a month ahead of the original September 30 date, after inflows reached $52.3 Bn by August 13 out of $56.85 Bn raised across the broader scheme. Banks can still complete swaps with the RBI until September 11 for deposit...

17 August, 2026 19:59:22

Nuvama Fixed Income Advisory Report : Bond Vector Aug-17-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp higher at 6.77%, following the RBI’s decision to advance the closure of the FCNR(B) window amid strong inflows. • On Friday, post market hours the RBI announced the early closure of the FCNR(B) window on August 31, af...

17 August, 2026 19:42:56

Nuvama Fixed Income Advisory Report : Bond Vector Aug-14-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp lower at 6.75% tracking overnight decline in 10Y UST. • The 10Y UST eased to 4.65% after softer than expected PPI print and weaker jobs data. • Market participants-maintained caution ahead of weekly IGB auction. The ...

14 August, 2026 20:11:21

Nuvama Fixed Income Advisory Report : Bond Vector Aug-13-2026

• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.77% in absence of fresh cues. • Yields eased, tracking an intraday decline in crude oil prices to $87/bbl. • Further easing was supported by likely FPI and foreign bank purchases, although profit booking by...

13 August, 2026 19:43:50

Nuvama Fixed Income Advisory Report : Bond Vector Aug-12-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp higher at 6.79%. • Brent crude continued to trade around $89/bbl amid fading hopes of a peace deal and reports of attacks on ships in the Strait of Hormuz. • Participants remained cautious ahead of domestic and ...

12 August, 2026 19:31:00

Nuvama Fixed Income Advisory Report : Bond Vector Aug-11-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened 2 bps higher at 6.78% tracking overnight rise in Brent crude oil prices and 10Y UST to 4.71 levels. • Brent crude rose nearly 4% to $90/bbl as hopes of a reopening of the Strait of Hormuz weakened following US President ...

11 August, 2026 21:11:15

Nuvama Fixed Income Advisory Report : Bond Vector Aug-10-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.77%. • Brent crude rose nearly 3% to $84/bbl amid no progress on the Strait of Hormuz reopening, as Iran and Oman continued negotiations. • The 10Y IGB traded in the 6.76–6.77% range, with yields supported b...

10 August, 2026 19:43:29

Nuvama Fixed Income Advisory Report : Bond Vector Aug-07-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bps higher at 6.78%, tracking overnight decline in 10Y UST and brent crude oil prices. • Brent crude climbed to $83/bbl amid reports that Iran's parliament is reviewing a bill to ban U.S. and Israeli ships from transit...

07 August, 2026 19:18:48

Nuvama Fixed Income Advisory Report : Bond Vector Aug-06-2026

• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.77% amid lack of fresh cues. • Brent crude hovered around $80/bbl through the day after reports that Iran has reached an agreement with Oman on a shipping route through the Strait of Hormuz, raising hopes of...

06 August, 2026 19:19:52

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II India MPC meeting review Aug26

The Reserve Bank of India led monetary policy committee unanimously kept policy repo rate unchanged at 5.25% (in line with market expectation) and maintained ‘neutral’ stance. The decision comes against a backdrop of renewed West Asia hostilities since early July (after the brief ceasefire relief...

05 August, 2026 21:00:09

Nuvama Fixed Income Advisory Report : Bond Vector Aug-05-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened 3 bps lower at 6.78% tracking the decline in Brent crude prices below $80/bbl amid hopes of de-escalation in the Middle East. However, market participants remained cautious ahead of the RBI MPC policy outcome. • The Re...

05 August, 2026 20:57:17

Nuvama Fixed Income Advisory Report : Bond Vector Aug-04-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bps higher at 6.83%, amid Brent crude trading around $80/bbl mark. It traded range bound throughout the day, closing marginally better at 6.81% vs 6.82%. • The cut offs at SDL auctions were slightly aggressive. Cut off ...

04 August, 2026 20:40:34

Nuvama Fixed Income Advisory Report : Bond Vector July-31-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp lower at 6.80% tracking decline in 10Y UST to 4.65% levels following softer Core PCE data and weaker than expected Q2 US GDP growth at 1.5%. • IGB yields remained steady as participants stayed cautious ahead of the w...

31 July, 2026 19:14:11

Nuvama Fixed Income Advisory Report : Bond Vector July-30-2026

• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened 1bp higher at 6.81% tracking the overnight rise in US Treasury yields after the FOMC delivered a hawkish hold. • The Fed kept rates unchanged at 3.50%–3.75% in a 9–3 vote, with three members favouring a 25bps hike, whil...

30 July, 2026 21:50:08

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II A Hawkish FOMC Hold and What It Means for Indian Bonds

The FOMC kept the federal funds rate unchanged at 3.50%-3.75% on Wednesday, a fifth consecutive hold, but the vote told the more interesting story. Three officials dissented in favour of a 25-bps hike, splitting the committee 9–3 and marking the widest disagreement of Chairman Kevin Warsh's short...

30 July, 2026 16:34:31

Nuvama Fixed Income Advisory Report : Bond Vector July-29-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.78% as market participants awaited the FOMC policy outcome due post market hours. • Over the day yields hardened tracking a rise in Brent crude after fresh Middle East tensions overnight, heightened uncerta...

29 July, 2026 19:15:44

Nuvama Fixed Income Advisory Report : Bond Vector July-28-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp lower at 6.76%, supported by softer crude oil prices amid the continued pause in US-Iran hostilities. • Market participants remained cautious ahead of today's weekly SDL auction and the FOMC policy outcome due tomor...

28 July, 2026 22:35:09

Nuvama Fixed Income Advisory Report : Bond Vector July-27-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened 4 bps lower at 6.79%, tracking a decline in Brent crude prices to around $90/bbl and easing in the 10Y UST yield to 4.63%. • Sentiment improved after the US and Iran paused hostilities and resumed talks in Oman over the w...

27 July, 2026 19:40:25

Nuvama Fixed Income Advisory Report : Bond Vector July-24-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 2 bps higher at 6.86%, tracking the rise in the 10Y UST yield to 4.70% following stronger than expected US jobs data and Brent crude breaching the $100/bbl mark. • Crude prices surged amid escalating Middle East tensions, ...

24 July, 2026 19:38:52

Nuvama Fixed Income Advisory Report : Bond Vector July-23-2026

• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened 2 bps higher at 6.82%, tracking overnight surge in 10Y UST to 4.66% and Brent crude which climbed to a six week high at $96/bbl. • During the day brent crude oil prices surged to $98/bbl levels amid ongoing conflict in ...

23 July, 2026 19:12:23

Nuvama Fixed Income Advisory Report : Bond Vector July-22-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened 3 bps higher at 6.82%, tracking overnight surge in Brent crude oil prices. • Brent crude touched $92/bbl overnight, amid escalating tensions in the Middle East and a lack of progress in the US-Iran peace negotiations. ...

22 July, 2026 21:17:32

Nuvama Fixed Income Advisory Report : Bond Vector July-21-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp lower at 6.77%, supported by higher than expected inflows into FCNR(B) deposits. • Yesterday Post market hours the RBI released data showing that its early June measures to attract foreign capital had garnered inflow...

21 July, 2026 19:19:41

Nuvama Fixed Income Advisory Report : Bond Vector July-20-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) higher at 6.81% amid heightened geopolitical tensions and weaking rupee. • Yields reached 6.83% before reversing after some positive commentary from Iran and US. • The 10Y point closed flat at 6.78% vs 6.78%. • The latest ba...

20 July, 2026 19:26:05

Nuvama Fixed Income Advisory Report : Bond Vector July-17-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.75% ahead of weekly IGB auction. Participants also awaited update on India’s inclusion in Bloomberg Global Aggregate Index. • The weekly IGB auction saw slightly weaker cut-offs for the 2029 and 2055 securitie...

17 July, 2026 22:24:18

Nuvama Fixed Income Advisory Report : Bond Vector July-16-2026

• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp lower at 6.77% tracking overnight fall in 10Y USTs. • The 10Y UST yield eased to around 4.55% from 4.60% following softer-than-expected PPI data. • IGB yields further eased to 6.74% on hopes of Indian bond’s inclu...

16 July, 2026 20:36:19

Nuvama Fixed Income Advisory Report : Bond Vector July-15-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.78%. • Over the day yields hovered in the range of 6.76%-6.78% range through the day, tracking developments in the Middle East, while hopes of inclusion in Bloomberg's Global Aggregate Index supported bond ...

15 July, 2026 19:47:03

Nuvama Fixed Income Advisory Report : Monthly Bond Compass June 2026 Edition

•10Y IGB government bond yield softened from around 6.97% at the beginning of June to 6.71% by the first week of July, as easing geopolitical tensions in West Asia led to a sharp correction in crude oil prices and improved global risk sentiment. •Market sentiment was further supported by dovish ...

15 July, 2026 19:45:56

Nuvama Fixed Income Advisory Report : Bond Vector July-14-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened 4 bps higher at 6.77%, tracking rise in the 10Y UST yield above 4.60% and an overnight surge in Brent crude prices above $85/bbl. • The move followed a third consecutive night of US strikes on Iran, raising concerns over ...

14 July, 2026 21:01:23

Nuvama Fixed Income Advisory Report : Bond Vector July-13-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened 2 bps higher at 6.73%, tracking higher Brent crude prices and a rise in US Treasury yields after US strikes on Iran over the weekend escalated Middle East tensions. • Hopes that Indian sovereign bonds could be included in ...

13 July, 2026 20:14:02

Nuvama Fixed Income Advisory Report : Bond Vector July-10-2026

• On Friday, the 10-year benchmark government bond (6.94% GS 2036) opened 1 bp lower at 6.74%, tracking overnight decline in 10Y UST and brent crude oil prices on a hope of a peace deal between the US and Iran. • The cut offs for weekly IGB auction came slightly better than expectations, with 6...

10 July, 2026 19:37:21

Nuvama Fixed Income Advisory Report : Bond Vector July-09-2026

• On Thursday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.76%. • The benchmark 10-year yield traded in a range of 6.74%–6.76% through the day, tracking developments in the Middle East and movements in Brent crude oil prices. • Participants also remained hopeful of ...

09 July, 2026 21:14:14

Nuvama Fixed Income Advisory Report : Bond Vector July-08-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened 3 bps higher at 6.73%, tracking the rise in the 10 year UST yield to 4.55%. • The move followed renewed geopolitical tensions after overnight US strikes on Iran, which also pushed Brent crude above $75/bbl. • Yields...

09 July, 2026 21:07:37

Nuvama Fixed Income Advisory Report : Bond Vector July-07-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.68% in absence of fresh cues. • Participants remained hopeful about India's inclusion in Bloomberg's Global Aggregate Index by mid-July. • Over the day 10y point hardened to 6.71% levels as some participants...

07 July, 2026 21:14:45

Nuvama Fixed Income Advisory Report : Bond Vector July-06-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.71%. • Over the day yields fell to 6.68% levels amid hopes of Indian bond’s inclusion in Bloomberg's Global Aggregate Index. • The latest banking system liquidity stayed in surplus of ~INR 1.8 Tn. RBI conducte...

06 July, 2026 20:54:09

Nuvama Fixed Income Advisory Report : Bond Vector July-03-2026

• On Friday, the 10-year benchmark government bond (6.96% GS 2036) opened flat at 6.72% ahead of the weekly bond auction. • Over the day, 10Y bond yield hardened on profit-booking amid overnight rise in prices of Brent crude oil prices. • The cut-off at the weekly IGB auction came broadly in l...

03 July, 2026 19:12:07

Nuvama Fixed Income Advisory Report : Bond Vector July-02-2026

• On Thursday, the 10Y benchmark (6.94 GS 2036) opened 2bp lower at 6.74% due to an overnight fall in prices of Brent crude oil. • Over the day the 10Y bond yield fell to 6.71% as traders were hopeful of the inclusion of Indian bonds in Bloomberg's flagship Global Aggregate Index, which supporte...

03 July, 2026 19:11:25

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II India Fixed Income Time to Turn Cautious

In this note, we assess the recent rally in Indian Government Bonds driven by recent RBI measures which have coincided with, easing geopolitical tensions, lower crude oil prices, and improving global risk sentiment. While these developments have strengthened the outlook for fixed income markets, ...

02 July, 2026 18:37:18

Nuvama Fixed Income Advisory Report : Bond Vector July-01-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened 2bp higher at 6.77% tracking an overnight jump in US 10Y bond yield. • Over the day, the 10Y yield fell to 6.73% on hopes of Indian bonds' inclusion in Bloomberg's flagship Global Aggregate Index. However, market partic...

01 July, 2026 20:56:03

Nuvama Fixed Income Advisory Report : Bond Vector Jun-30-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened steady at 6.75% amid uncertainty about US-Iran peace talks and lack of fresh cues. • Over the day, 10Y yield stayed lower as intraday Brent crude oil prices fell to around $70-$72/barrel. However, later in the day few mar...

30 June, 2026 19:18:48

Nuvama Fixed Income Advisory Report : Bond Vector Jun-29-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened flat at 6.78% as traders await for some clarity about the peace deal. • Over the day, the 10Y yield dropped to 6.75% tracking the movement in Brent crude oil prices due to no major escalation in the West Asia war. However,...

29 June, 2026 19:34:04

Nuvama Fixed Income Advisory Report : Bond Vector Jun-25-2026

• On Thursday, the 10Y benchmark (6.94 GS 2036) opened 2bp lower at 6.76% with crude oil prices falling to their lowest level since the beginning of the US-Iran war. • During the day, the 10Y yield dropped to 6.74% after better-than-expected weekly gilt auction, 6.68% GS 2040 at 7.0530%, 7.43% G...

25 June, 2026 22:14:46

Nuvama Fixed Income Advisory Report : Bond Vector Jun-24-2026

• On Wednesday, the 10-year benchmark government bond (6.94% GS 2036) opened flat at 6.83% tracking an overnight movement in Brent crude oil. • Over the day, the 10Y yield stayed lower as traders increasingly believed the Reserve Bank of India's Monetary Policy Committee would not hike the repo ...

24 June, 2026 19:14:43

Nuvama Fixed Income Advisory Report : Bond Vector Jun-23-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened 1bp lower at 6.84% tracking the overnight fall in prices of Brent crude oil. • Over the day, 10Y yield stayed lower as intraday Brent crude oil prices fell to near pre-war levels. • The better-than-expected cut-off yield...

23 June, 2026 21:35:25

Nuvama Fixed Income Advisory Report : Bond Vector Jun-22-2026

• The 10-year benchmark government bond (6.94% GS 2036) opened flat at 6.85% amid uncertainty over the peace talks between the US and Iran. • Over the day, the 10Y point stayed within in a thin band throughout the day amid the lack of any significant global or domestic triggers. • Indian rupee ...

22 June, 2026 20:39:05

Nuvama Fixed Income Advisory Report : Bond Vector Jun-19-2026

• On Friday, the 10-year benchmark government bond (6.96% GS 2036) opened flat at 6.85% ahead of the weekly bond auction. • Over the day, 10Y bond yield hardened on profit-booking as uncertainty on the West Asia situation continued to dampen risk appetite. • The cut-off at the weekly IGB came i...

19 June, 2026 21:11:27

Nuvama Fixed Income Advisory Report : Bond Vector Jun-18-2026

• On Thursday, the 10Y benchmark (6.94 GS 2036) opened 1bp lower at 6.85% on improved market sentiment after media reports said the US and Iran signed a peace agreement ahead of schedule. • During the day, the 10Y yield dropped to 6.82% tracking the drop in crude oil prices. Brent crude oil f...

18 June, 2026 22:01:00

Nuvama Fixed Income Advisory Report : Bond Vector Jun-17-2026

• On Wednesday, the 10-year benchmark government bond (6.48% GS 2035) opened lower at 6.84% tracking an overnight fall in the price of Brent crude oil. • Over the day, the 10Y point continued tracking the movement in Brent crude oil prices while traders stayed cautious ahead of US FOMC decision....

17 June, 2026 19:14:05

Nuvama Fixed Income Advisory Report : Monthly Bond Compass May 2026 Edition

•India’s 10Y yield hovered in the range of 6.92-7.13% in May amid uncertainty over the 60-day ceasefire agreement between US and Iran. This was in the wake of US and Iran offering different accounts over the conflict in Lebanon and reports of fresh attack on Kuwait, Bahrain and Hormuz. •Indian r...

17 June, 2026 17:07:52

Nuvama Fixed Income Advisory Report : Bond Vector Jun-16-2026

• On Tuesday, the 10-year benchmark government bond (6.94% GS 2036) opened flat as traders assess the sustainability of the peace deal signed between the US and Iran. • Over the day, 10Y yield stayed weaker as Brent crude oil fell to an over-three-month low of $80.89/barrel as the US and Iran an...

16 June, 2026 20:44:21

Nuvama Fixed Income Advisory Report : Bond Vector Jun-15-2026

• On Monday, the 10-year benchmark government bond (6.94% GS 2036) opened 4bp lower at 6.85% tracking a significant fall in Brent crude oil prices after the US and Iran announced a ceasefire agreement early today. • Over the day, the 10Y yield stayed lower as Brent crude oil prices were below $8...

15 June, 2026 21:16:18

Nuvama Fixed Income Advisory Report : Bond Vector Jun-12-2026

• On Friday, the 10-year benchmark government bond (6.48% GS 2035) opened 3bp lower at 6.89% following an overnight fall in Brent crude oil prices and lower US treasury yields. • Over the day, the 10Y point stayed within the range ahead of the India’s CPI inflation and weekly auction cut-off. ...

12 June, 2026 19:43:30

Nuvama Fixed Income Advisory Report : Bond Vector Jun-11-2026

• On Thursday, the 10Y benchmark (6.48 GS 2035) opened 1bp higher at 6.95% tracking an overnight rise in Brent crude oil prices due to renewed escalation in the war in West Asia. • During the day, the 10Y yield dropped after the intraday fall in Brent crude oil prices and US Treasury yields. ...

11 June, 2026 21:20:05

Nuvama Fixed Income Advisory Report : Bond Vector Jun-10-2026

• The 10-year benchmark government bond (6.48% GS 2035) opened flat at 6.91% as the Brent crude oil prices remained unchanged overnight. • Over the day, the 10Y point remained largely unchanged however few traders booked profits ahead of the release of CPI inflation data for May and the weekly g...

10 June, 2026 21:28:17

Nuvama Fixed Income Advisory Report : Bond Vector Jun-09-2026

• On Tuesday, the 10-year benchmark government bond (6.48% GS 2035) opened 3bps lower at 6.92% tracking the overnight fall in Brent crude oil prices on hopes of a permanent ceasefire in West Asia. • Over the day, 10Y yield stayed weaker on likely FPI inflows in bond market as an aftermath of mea...

09 June, 2026 19:48:01

Nuvama Fixed Income Advisory Report : Bond Vector Jun-08-2026

• On Monday, the 10-year benchmark government bond (6.48% GS 2035) opened flat as the escalation in the West Asia war may offset the impact of measures taken by the RBI MPC to attract foreign inflows. • Over the day, the fall in Brent crude oil after US Trump said Israel and Iran are looking to ...

08 June, 2026 19:12:02

Nuvama Fixed Income Advisory Report : Bond Vector Jun-05-2026

• On Friday, the 10-year benchmark government bond (6.48% GS 2035) opened flat at 6.99% ahead of the RBI MPC outcome. • Over the day, 10Y bond yield dropped to 6.93% after Reserve Bank of India led monetary policy committee unanimously kept policy repo rate unchanged at 5.25%. • India's Q4FY26 ...

05 June, 2026 19:46:16

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II India MPC meeting review Jun26

The Reserve Bank of India led monetary policy committee unanimously kept policy repo rate unchanged at 5.25% (in line with our expectation). All the six Monetary Policy Committee (MPC) members voted for a ‘neutral’ policy stance. This decision was taken assessing the evolving macroeconomic and fi...

05 June, 2026 19:44:43

Nuvama Fixed Income Advisory Report : Bond Vector Jun-04-2026

• On Thursday, the 10Y benchmark (6.48 GS 2035) opened steady at 7.02% on caution ahead of MPC decision due tomorrow. • During the day, the 10Y point see-sawed within the tight range, tracking the move in Brent amid caution ahead of the MPC outcome. • Tomorrow, the RBI MPC is expected to keep t...

04 June, 2026 20:16:13

Nuvama Fixed Income Advisory Report : Bond Vector Jun-03-2026

• On Wednesday, the 10-year benchmark government bond (6.48% GS 2035) opened 1bp higher at 7.02% as Brent crude oil prices rose past the key level of $95/barrel but remained below the psychologically crucial level of $100/barrel. • Over the day, the 10Y point briefly recovered after news report ...

03 June, 2026 20:11:05

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II RBI MPC Jun meeting preview Hike or no Hike

Since the April RBI MPC, the macro landscape hasn’t changed significantly, the US-Iran war escalation has kept the global risk sentiment, oil prices, and inflation expectations on an edge. So, against this background we expect the RBI MPC to have a hawkish tint while maintaining a status quo at t...

03 June, 2026 20:09:51

Nuvama Fixed Income Advisory Report : Bond Vector Jun-02-2026

• On Tuesday, the 10-year benchmark government bond (6.48% GS 2035) opened flat at 7.02% on caution ahead of the RBI Monetary Policy Committee decision. • Over the day, 10Y yield dropped to 6.98% tracking the fall in crude oil prices and short-covering by traders. Brent crude for delivery in Aug...

03 June, 2026 20:07:03

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II How does India Local FI stack vs Other EMs DMs

In this note, we evaluate how does India local currency sovereign debt stack vs Major Emerging & Developed Markets from the perspective of $ investor. By comparing USD equivalent yields after adjusting for FX hedging costs alongside sovereign credit and macroeconomic fundamentals, we assess the r...

02 June, 2026 17:09:16

Nuvama Fixed Income Advisory Report : Bond Vector Jun-01-2026

• On Monday, the 10-year benchmark government bond (6.48% GS 2035) opened 1 bp up at 7.01%, as Brent crude oil prices inched up from the close on Friday, amid a lack of progress in US-Iran peace talks. • Market participants-maintained caution ahead of RBI’s MPC meeting outcome on Friday. • The...

01 June, 2026 19:40:47

Nuvama Fixed Income Advisory Report : Bond Vector May-29-2026

• On Friday, the 10-year benchmark government bond (6.48% GS 2035) opened flat at 6.99% amid no clarity over the end of the US-Iran war. • Over the day, 10Y yield see-sawed tracking a sharp fall in prices of Brent crude oil however traders placed short bets tracking the intraday movement in Bren...

01 June, 2026 11:47:44

Nuvama Fixed Income Advisory Report : Bond Vector May-27-2026

• On Wednesday, the 10-year benchmark government bond (6.48% GS 2035) opened 1bp lower at 6.98% due to lack of significant cues. • Over the day, 10Y yield see-sawed rising to 7% on profit-booking by some traders, and then falling to 6.97% tracking Brent crude oil prices. Also, hopes of a peace a...

27 May, 2026 18:41:55

Nuvama Fixed Income Advisory Report : Bond Vector May-26-2026

• On Tuesday, the 10-year benchmark government bond (6.48% GS 2035) opened flat at 7.04% due to a lack of significant domestic cues. • Over the day, 10Y yield dropped on an easing in Brent crude oil prices intraday from over $100/barrel. • Meanwhile, the SDL auction cut-off yield was largely in...

26 May, 2026 19:28:11

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II What Is Holding Back FPI Flows into Indian Fixed Income

Foreign investor participation in Indian debt markets continues to remain cautious despite the recent rise in domestic bond yields, with the benchmark 10-year government bond yield climbing to 7.1435%, its highest level since May 8, 2024. So far since Mar 2026, FPI have sold INR 91.99Bln worth of...

26 May, 2026 12:30:36

Nuvama Fixed Income Advisory Report : Monthly Bond Compass April 2026 Edition

•India Gsec yields stayed ranged bound in between 6.87-7.13% to end flat at 7.01% amidst concerns over West Asia conflict. The benchmark yield showed some downward correction on reports of war ending soon, but delay in formal peace deal, kept local yield afloat. •INR hit record low of 95.33/$ at...

26 May, 2026 11:06:59

Nuvama Fixed Income Advisory Report : Bond Vector May-25-2026

• On Monday, the 10-year benchmark government bond (6.48% GS 2035) opened 5bp lower at 7.04% as Brent crude oil prices fell overnight to trade below the psychologically crucial level of $100/barrel. • Over the day, the 10Y point stayed range bound as some traders booked profits at levels seen as...

25 May, 2026 19:37:35

Nuvama Fixed Income Advisory Report : Bond Vector May-22-2026

• On Friday, the 10-year benchmark government bond (6.48% GS 2035) opened 2bps lower at 7.09% tracking the overnight fall in Brent crude oil futures and US Treasury yield. • The sentiments got further boost after a news report, cited sources, that the Reserve Bank of India's Monetary Policy Comm...

22 May, 2026 19:17:22

Nuvama Fixed Income Advisory Report : Bond Vector May-21-2026

• On Thursday, the 10Y benchmark (6.48 GS 2035) opened 4bp lower at 7.04% due to heightened expectations of a peace deal between the US and Iran. • During the day, the 10Y point jumped, erasing earlier gains after a Bloomberg report that the Reserve Bank of India was considering a repo rate hike...

21 May, 2026 22:07:15

Nuvama Fixed Income Advisory Report : Bond Vector May-20-2026

• On Wednesday, the 10Y benchmark (6.48 GS 2035) opened 2bp higher at 7.13% tracking the sharp overnight rise in US 10Y bond yield amid rise in crude oil prices. • Over the day, yields reversed due to an intraday decline in US Treasury yields and Brent crude prices. • Also, expectations of high...

20 May, 2026 18:47:23

Nuvama Fixed Income Advisory Report : Bond Vector May-19-2026

• On Tuesday, the 10-year benchmark government bond (6.48% GS 2035) opened flat at 7.14% as the Brent crude oil prices eased slightly below the key $110/barrel mark. • Over the day, 10Y yield dropped to 7.09% level on demand by traders in absence of any major escalation in the West Asia conflict...

19 May, 2026 21:08:42

Nuvama Fixed Income Advisory Report : Bond Vector May-18-2026

• On Monday, the 10-year benchmark government bond (6.48% GS 2035) opened 3bp higher at 7.09% on higher oil prices and uptick in US Treasury yields. • Brent crude oil prices firmed up to over $110/barrel on fears of an escalation of hostilities in West Asia while the US Treasury yields rose to 4...

18 May, 2026 19:28:39

Nuvama Fixed Income Advisory Report : Bond Vector May-15-2026

• On Friday, the benchmark 10-year government bond (6.48% GS 2035) opened 3 bps higher at 7.05%, tracking overnight hardening in 10Y UST yields. The 10Y UST yield breached 4.50% amid inflation concerns and softer demand at recent US Treasury auctions. • The INR fell sharply and touched all-tim...

16 May, 2026 16:56:30

Nuvama Fixed Income Advisory Report : Bond Vector May-14-2026

• On Thursday, the benchmark 10-year government bond (6.48% GS 2035) opened steady at 7.04% • The benchmark yields briefly eased toward 7% levels amid reports that the Government may significantly cut taxes on foreign investors in Indian bonds. • However, some gains were pared after WPI inflati...

14 May, 2026 21:03:47

Nuvama Fixed Income Advisory Report : Fixed Income Snippets II Deja Vu from 2022 Oil Shock

In this note, we revisit the 2022 crude oil shock triggered by the onset of the Russia–Ukraine war and examine its impact on India’s inflation and bond yields. We draw parallels with the current rise in oil prices driven by escalating US–Iran tensions to assess whether Indian fixed income markets...

14 May, 2026 14:57:22

Nuvama Fixed Income Advisory Report : Bond Vector May-13-2026

• On Wednesday, the benchmark 10-year government bond (6.48% GS 2035) opened steady at 7.05%. • The benchmark yield eased to an intraday low of 7.02% as buying interest emerged from some market participants at attractive yield levels. • As the day progressed, the gains were pared as Brent crude...

13 May, 2026 19:53:44

Nuvama Fixed Income Advisory Report : Bond Vector May-12-2026

• On Tuesday, the benchmark 10-year government bond (6.48% GS 2035) opened 2 bps higher at 7.05%, tracking the rise in the 10-year UST, which was trading at 4.43%, amid elevated Brent crude oil prices. • Market sentiment remained cautious as Brent crude prices stayed elevated at around $107/bbl....

12 May, 2026 20:15:40