DEBT MARKETS JOURNEY POST BUDGET
I have not written on debt markets since almost January 2010 post the Credit Policy Review. One of the reasons was that I was waiting for the announcement of Budget and subsequent borrowing calendar. I had hoped that we will have a clear path in debt markets based on the Budget announcements and borrowing calendar [...]
SOME MORE INTERESTING ANALYSIS OF FORTIS FLEXI DEBT DURING VOLIATILE DEBT MARKET IN YEAR 2008
Inspite of many reassurances by RBI on raising funds for the Govt borrowing programme without disrupting the debt markets, there seems to be no respite on the yields from rising up. Though most of the times, auction has been preceded by OMOs (generally Rs.6000 crs of OMO followed by Rs.12000 crs of Auctions), the same [...]
Implications of our recommendations
Letter dated August 04’2003 recommending to invest in Income/G Sec Funds with four different Investment Strategies.This includes an allocation of accretion from Income Funds to be invested in equity MFs. Letter dated August 28’03 recommending booking of profits from G Sec funds when 10 year was at 5.27% with September pressures on liquidity. We had [...]