Now we’ve seen two weeks of devolved government bond auctions, this time 1,330 cr. has to be underwritten by primary dealers. Every week, RBI helps the ...
Moody’s sees China Defaults as $21 Billion Matures (Bloomberg) Local-government financing vehicles need to repay a record amount of debt this year, prompting ...
This is a guest post by Dheeraj Singh. Dheeraj was a fund manager for many years specializing in fixed income. He used to head fixed income at IL&FS Mutual ...
Primary Dealers get an underwriting commission for every G-Sec auction (held on Fridays, most weeks of the year). These commissions have tended to be tiny – ...
Banks continue to get hammered as the RBI policy changes take short term rates to over 11%. Those who depend largely on wholesale funding, like Yes Bank and ...
In yesterday’s 91-day T-Bill auction, we saw yields go up to 11.0031%, the highest number since July 1996. Higher yields mean lower prices of the bonds, and ...
Fixed Income Markets are hurting big time. Here’s a quick update at 12 noon. Call money (overnight interbank) is at 9.25% RBI repo was about 33,263 cr. This ...
To see how one of the RBI liquidity squeeze changes will impact banks starting Saturday, see the chart of how banks have maintained cash balances as a ...
More RBI measures to “contain the volatility in the foreign exchange market”. In addition to what they did to reduce rupee liquidity (increased MSF rate, ...
Liquid Funds have been getting bashed up recently with strange things happening in the liquidity bazaar. After their NAV fell for the first time in many years, ...
