One-yr, 10-yr yield curve briefly inverts
时间:2024-06-02 03:16:21 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:Mumbai’s Metro momentum- Work on several lines advancing steadily – Here’s is the progress report
猜你喜欢
- Is Canada still a preferred destination for foreign studies-
- Crude oil little changed as Russian supply cuts support prices
- Crude oil weekly outlook- MCX Crude June futures likely to hit Rs 9,050 per bbl, gains for 3rd straight week
- Nifty above 17200 would aim for 17550; Buy HDFC Bank, Coal India, TechM as charts show bullish trend
- Mumbai-Ahmedabad bullet train project completes 100 per cent land acquisition! NHSRCL shares latest update on India’s ambitious mega project
- Moto G51 first look in pictures- Specs, features, India price, and everything to know
- Crude oil climbs 3rd day on subdued dollar, US crude stocks’ drop
- NDTV shares hit upper circuit amid management overhaul
- Cyclicals, financial stocks may dominate upcoming AMFI rejig despite volatility, defensives to be downgraded