WHY GILTs?
I have been recommending investment in GILT schemes primarily on two counts viz. 1) technically, whenever 10 year benchmark yield has breached 8.50%, there has been resistance at this level & the yields have retraced below 8.50% levels & 2) sometime in the near future RBI will have, if not dovish at least a neutral [...]
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 [...]
DEBT MARKETS POST RBI POLICY REVIEW ON OCTOBER 27’2009
RBI announced Credit policy Review on October 27’2009; wherein RBI kept all key policy rates unchanged & hiked SLR limit by 1% to 25% from 24%. RBI has given enough indications in the review of changing their stance from neutral to hawkish in light of the growing inflationary pressures. Though they did not raise any [...]