Indian bond yields seen little changed, higher US yields hurt
时间:2024-06-26 06:12:52 阅读(143)
Indian government bond yields are likely to trade largely unchanged in the early session on Wednesday, while elevated U.S. yields continue to weigh on sentiment. The 10-year benchmark 7.26% 2033 bond yield is expected to be in the 6.99% to 7.03% range after closing at 7.0144% in the previous session. Since Tuesday, the focus has shifted to U.S. Treasuries and therefore the market has seen some correction in local bonds, a trader said.
“With such U.S. rates, it is difficult for the 10-year bond yield to fall below 7%, he added. U.S. yields eased marginally on Wednesday, but remained around two-month high levels around the 3.70% mark as traders monitored the progress of the U.S. debt ceiling talks.
The odds of a 25 basis point rate (bps) hike in June have now risen to 30%, against nearly 5% at the start of the month.The Fed has raised rates by 500 bps since March 2022 to 5.00%-5.25%.Still, market sentiment may remain supported, as India’s retail inflation is expected to drop further in May, after declining to its lowest level in 18 months in April when the reading stood at 4.7%.
Nomura expects inflation to fall to around 4.2% in May, with core inflation also easing below 5%. “Base effects alone are likely to lower May headline inflation by ~0.2pp, but the remainder should be due to lower momentum. Within the fuel basket, lower subsidized kerosene prices should help.”
上一篇:in the mid-1990s. By 2022 the investment was valued at $47 billion.
2. Warren Buffett talked about his business partner Charlie Munger in his letter. He said they both think alike but what it takes Warren Buffett a page to explain, Charlie Munger sums up in a sentence. Charlie Munger’s version, moreover, is always more clearly reasoned.
The lesson for investors: “I will add to Charlie’s list a rule of my own: Find a very smart high-grade partner – preferably slightly older than you – and then listen very carefully to what he says,” Warren Buffett said.
3. Warren Buffett emphasised that his long-time business partner Charlie Munger and he are business pickers, not stock pickers. He further said that efficient markets exist only in textbooks.
“We own publicly-traded stocks based on our expectations about their long-term business performance, not because we view them as vehicles for adroit purchases and sales. That point is crucial: Charlie and I are not stock-pickers; we are business pickers,” Warren Buffett said.
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