Bond markets are in a tizzy. The 10 year bond is now close to 9.25%. And that doesn’t even tell you the story – all other bonds, I mean every single one of ...
The safest rupee investment is (not the dollar) the central government debt. Because indirectly they own the printing press that prints the rupee. And that ...
Markets are down over 2% and Banks over 3%. There are reasons, and some of them were the capital controls imposed on Wednesday, and the fact that Chidambaram ...
Following up from yesterday’s 35-day Cash Management Bill auction (which went at 11.70%), today’s 34-day CMB auction was cut off at 11.94%. This is ...
Today’s 11,000 cr. auction of 35 day cash management bills are seeing yields that haven’t been seen before: 11.71% Now, things should be cool for banks. ...
MSF Borrowing continues to rise, with more then 40,000 cr. (Rs. 400 billion) borrowed for the four day holiday over the weekend. I had earlier posted that it ...
Liquid Funds have recovered substantially from their fall on July 16. Remember, on July 15, the RBI took extraordinary measures to cut liquidity and that ...
Yet another auction devolves – the third in succession. (One, Two) This one saw Rs. 947 cr. that had to be absorbed by primary dealers. (Source) Every week, ...
The RBI credit policy today may have been a non-event but it certainly seemed to be eventful for bond markets. The 10 year benchmark bond (2013) first saw ...
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 ...
