Around a year ago, the yield on the 10-year bond was more than 220 bps higher than that on the 364-day T-bill
Yield curve flattens; T-bill, 10-year bond spread now at 16 bps versus 222 bps a year ago
Wider October trade deficit, contraction in exports drag down rupee
The Deputy Governor flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government's borrowing programme and interest rate changes
The government may avoid incremental borrowing via the bills and only borrow to meet its previous repayment needs in the next quarter
Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end
Yields across both securities rose 7-8 basis points over the previous week's auction
Rupee trade with few nations may start, internationalisation will take time
For tax-efficient exposure, go for target maturity funds maturing in 2026-2028
Australia has announced a parliamentary inquiry into long Covid, with the aim of developing a clear definition of the illness and gauging the scale of its impact on the country's 26 million people
The dollar hit a six-day high as Treasury yields surged, while inflation fears were bolstered as oil prices rose to their highest since 2014 on possible supply disruptions
How does the government raise funds to meet its obligations, in excess of its annual revenue generation? Well, it issues Treasury Bills or T-Bills. This report tells us more about it
U.S. business activity grew at a moderate pace for a second straight month in July amid supply constraints
The finance ministry has asked all ministries and departments to assess the government guarantee requirement for the current fiscal and submit a prioritised list.
The Federal Reserve has maintained the pace of bond purchases as was widely expected
Repo and Treasury bill rates have been flirting with zero since the beginning of the year as reserve balances at the central bank swell
One explanation for the disconnect is that dealers are taking steps to trim holdings before the expiry of a key regulatory exemption on March 31
Spot gold fell 0.1% to $1,810.65 per ounce. U.S. gold futures eased 0.1% to $1,811.10
RBI last week stepped into normalise its ultra-loose liquidity policy by introducing a Rs 2 trillion 14-day reverse repo auction.
The following charts explain the current situation of the economy