September, 2009
RBI floats corp bond repo norms
Debt markets Going Ahead
Mixed signals from various quarters of RBI is sending the sentiments on low or on a high for the past few days. Statement by RBI governor on raising policy rates ahead of other Central Banks created negative sentiments pushing the benchmark yields close to 7.50% & on the next day a statement by one of [...]
Tread Cautiously After RBI Governer Statement
I had penned my note on “Should one take Contrarian View on Interest Rates” on the eve of September 06’2009 when 10 year was at 7.50% but the same got published on September 07’2009 when 10 year had corrected to 7.35% levels. In that note I had also mentioned that on the negative side, tackling [...]
Getting Their Act Together : Canara Robeco Schemes
One AMC whose all the debt schemes are doing well on the entire yield curve is Canara Robeco. After quitting from Kotak AMC, Ritesh Jain took over the fixed income desk at Canara Robeco & since then, most of the schemes which he is managing have started performing exceptionally well. Which are the schemes that [...]
SHOULD ONE TAKE CONTRARIAN VIEW & INVEST AT LONG END OF THE CURVE?
Is this the time to take contrarian view on the interest rate scenario? Let us see the following in right perspective & then decide: • Overnight rate at 3.25% & 10 year at 7.50%. Difference more than 425 bps • Historically over last 10 years till December 2008 the aid differential was in the region [...]