Policy Views
DEBT MARKET JOURNEY SINCE BUDGET IN FEBRUARY 2010
BLOG NOTE DATED: March 03’2010: POST BUDGET: We had recommended the following: To stay away from long end of the curve for following reasons Fiscal stimulus roll back Petrol price hike CRR hiked by 75 bps since February 13’2010 Reverse REPO figures started coming down from Rs.1 lac cr to Rs.30,000 crs & likely to [...]
POST THE RBI CREDIT POLICY REVIEW & ITS IMPACT
Credit policy is out the way Sentiments have gone negative & frequent utterances by RBI officials on giving priority to tackling inflation first and accordingly ensuring that liquidity does not come back into the system in a hurry has also not helped matters RBIs clear intention is to tackle inflation first & hence some more [...]
ON THE EVE OF THE CREDIT POLICY REVIEW-AN AGGRESSIVE CALL FOR INVESTMENT IN LONG END OF THE CURVE
Kindly refer to my blog note dated July 12’2010 “GREAT OPPORTUNITY AT LONG END OF THE CURVE”. I had given various reasons for my belief of investing at the long end and had suggested a staggered investment from then to run upto the Credit Policy Review on July 27’2010. As suggested in that note, 10 [...]
MY COMMENTS IN AN ARTICLE IN ET MUMBAI
WHAT WILL BE THE IMPACT ON VARIOUS ASSET CLASSES POST NEW VALUATION GUIDELINES PRESCRIBED BY SEBI ON MTM OF SECURITIES
LIQUID SCHEMES: SEBI had come out with guidelines for investment criteria for Liquid Schemes viz. no single paper in the Liquid Scheme should have more than 91 days in residual maturity & the said portfolio can then be calculated for NAV purposes on accrual basis. Hence, since these guidelines are already in place, there should [...]