One-yr, 10-yr yield curve briefly inverts
时间:2024-06-26 20:58:55 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:Kerala violence- Shashi Tharoor, Congress leaders booked for rioting in state’s capital
下一篇:Wipro, MOFSL among 61 NSE stocks to touch 52-week lows; 17 hit 52-week highs
猜你喜欢
- Alkem Labs, Sanofi India, Bajaj Auto and Hero MotoCorp among 118 stocks that hit 52-week high; 12 touch 52-week low
- Rupee likely to depreciate on strong dollar, bond yields; USDINR to trade with positive bias in this range
- Arvind Kejriwal to undertake three-day Gujarat visit as AAP airs arrest fears
- Rupee internationalisation, a step in right direction by RBI; must look at long term, sustainable solutions
- Larsen and Toubro fixes September 12 as record date for share buyback
- Alembic Pharmaceuticals gets 8 USFDA approvals in Q3FY24
- Rupee likely to remain rangebound amid mixed cues; USDINR pair to trade sideways in this range
- Rupee falls 24 paise to close at 82
- Rupee declines 13 paise to 82