One-yr, 10-yr yield curve briefly inverts
时间:2024-06-16 20:48:54 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:Adani Group firms end on mixed note; Adani Wilmar climbs 5 pc
下一篇:Will Nifty scale past key 21000 level in trade today- 9 things to know before the share market opens
猜你喜欢
- PSB 59-minute loan scheme- Banks disbursed nearly Rs 70,000 crore MSME loans so far
- Rail Vikas Nigam share price up 73% in one month; are current levels suitable for entry-
- Rating- neutral; Vedanta- On track to be self-reliant
- Rakesh Jhunjhunwala stocks stay firm despite rocky start
- Tech Mahindra rating – Buy- 5G investment accelerated growth in quarter
- TCS, Reliance, ONGC, Tata Motors, IDBI Bank, Lupin, Sona BLW, Star Health and Allied Insurance stocks in focus
- This Adani group co IPO is Asia’s best performing public issue this year
- 2023 Marks Record-Breaking Warmest Year Globally, Affecting Climate Patterns and Urgent Calls for Action
- Top global cues to know before market opening on August 29