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Government bond prices slip ahead of ₹379 billion state debt auctionBonds maturing in the 10–20 year segment are witnessing better bids. Investors are attracted to the relatively attractive yields offered in this segment. Higher yields are drawing buyers even as overall sentiment in government securities remains cautious.By Manisha Gupta  February 17, 2026, 3:09:04 PM IST (Published)2 Min ReadIndia’s bond market is seeing mixed trends this week. Most government bonds are trading lower as traders have taken short positions in gilts ahead of heavy supply. At the same time, investor demand for higher-yielding securities remains strong.

The immediate focus is on the ₹379 billion state bond auction scheduled for February 17. Market participants appear to be adjusting their positions to make room for this supply. When large issuances come to the market, bond prices often fall as investors prepare to absorb the additional supply.

The yield on India 10-year  bond yield held steady at 6.67% on February 17, 2026.

Interestingly, bonds maturing in the 10–20 year segment are witnessing better bids. Investors are attracted to the relatively attractive yields offered in this segment. Higher yields are drawing buyers even as overall sentiment in government securities remains cautious.

Active Week in Private Placement Market

Apart from government bonds, the Indian private placement market is also very active this week. Several companies are tapping the debt market to raise funds.

ECap Equities is looking to raise ₹2.75 billion through its April 23, 2029 bond. Bidding for this issue is taking place today.

Akara Capital Advisors plans to raise ₹2.3 billion through three bond reissues.

InCred Financial Services Limited is aiming to raise ₹600 million via its August 14, 2028 bond, with bidding scheduled for today.

Issuances continue through the week:

Moneywise Financial Services plans to raise ₹250 million through two-year bonds, with bidding tomorrow.

REC Limited is in the market to raise ₹30 billion via its February 18, 2028 bond.

Prestige Estates is set to raise ₹20 billion through non-convertible debentures (NCDs).

JSW Steel plans to raise ₹50 billion via NCDs.

Torrent Power board has approved ₹30 billion worth of NCD issuances.

Axis Bank has received board approval to raise ₹350 billion through debt.

Poonawalla Fincorp is also looking to raise ₹10 billion via NCDs.

Catch all the stock market live updates hereContinue ReadingTagsAxis bankBond Marketbond yieldsDebt marketJSW SteelREC