One-yr, 10-yr yield curve briefly inverts
时间:2024-06-26 16:36:09 阅读(143)
India’s 1-year government debt yield rose higher than that of the 10-year note on Wednesday, following higher than expected cut-offs of the Reserve Bank of India’s (RBI) treasury bills sale.
The RBI sold 364-day notes at 7.48% yield, the highest since October 2018. The cut-off at the 1-year T-bill at auction was higher than the 10-year bond yield. The 7.26%, 2032 bond’s highest yield on Wednesday was 7.47%. The 1-year note last traded above the 10-year bond in May 2015.
Also read: NCDEX to relaunch groundnut futures trade soon
“At any rate, this theory may not be relevant in India as the curve here refers to the sovereign yields and not the corporate bond yields though the latter are linked to the former. But the secondary market is relatively thin and may not reflect investment intentions of industry,” Sabnavis said.
“The market believes now that the RBI will also increase rates now. Data on inflation to be released on Monday will be crucial and markets will remain edgy till then,” added Sabnavis.
上一篇:Indian benchmarks end week higher after Fed holds rates
下一篇:Zydus Lifesciences shares soar on Q2 results; Should you buy, hold or sell Zydus stock-
猜你喜欢
- Meet Shloka Mehta’s lesser-known sister Diya Mehta –Her father has a net worth of over Rs 1800 crore; Know how she is related to Isha Ambani
- Markets Wrap – Mon, 6 Feb ‘23- Stocks tank, rupee falls; Asia, Europe markets, Gold, Crude, Crypto updates
- RBL Bank, Bajaj Finance shares fall as card pact gets 1 year extension
- Mcap of five of top 10 most valued firms decline by Rs 62,586 cr; TCS, Infosys biggest laggards
- Recession fears set stocks on course for weekly drop
- Maruti Suzuki rating – Buy- Firm poised for market share gains
- Realty stocks to buy- Oberoi Realty, Sobha among Edelweiss’ top stock picks, shares may rally 32%
- Markets Wrap – Wed, 25 Jan ‘23- Stocks crash, rupee gains; Asia, Europe markets, Gold, Crude, Crypto updates
- Maruti Suzuki India’s 2nd cohort of mobility start-up competition sees Woloo, Hala Mobility and SwitchOn win big