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Sunday, November 8, 2009

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Arjun Parthasarathy
Syndicate
this column

Near-term bond rally likely

Bond yields are likely to trend down in the near term on the back of a few interest rate factors turning positive.
November 2, 2009

Doing everything but hiking rates

Mint Road has left no doubts in the minds of market participants that rates are set to rise in the near future.
October 28, 2009

RBI will follow its own agenda

The “great thinkers” wanted RBI to ease access to foreign investors to the Indian markets as well as Indian borrowers/ issuers to the global market.
October 22, 2009

HTM hike, borrowings to set trend

HTM news is largely discounted, market will react negatively if RBI disappoints.
September 27, 2009

Heavy supply of bonds to halt rally

Yields will, however, be bid at higher levels in anticipation of the hike in HTM cap of banks.
September 20, 2009

Increase in HTM cap is necessary

The Reserve Bank of India (RBI) is evaluating proposals to increase the cap on held-to-maturity (HTM) portfolios of banks.
September 14, 2009

Bond mart sentiment set to improve

Sentiment in the bond market is set to improve with the last government bond auction going through smoothly.
September 7, 2009

Policy-tightening talk to lift yields

The Reserve Bank of India (RBI) is increasingly becoming worried on the impact of higher food prices on inflation
August 31, 2009

Market’s worried about the unknown

The bond market is worried. But what it is worried about is a mystery. The worry shows in the volumes where even the benchmark ten-year paper traded very thin volumes.
August 17, 2009

Rocketing food prices can undo all stimuli

Centre needs to be deft for impact can last for a long time.
August 9, 2009

Rejection of auction bids a good sign

This will prevent yields from going higher in the near term.
August 9, 2009

Yield curve likely to flatten further

The yield curve is looking to flatten as depressed yields at the short end of the curve put off investors while the high yields at the long end of the curve appear stable and offer better value for money.
August 3, 2009

RBI policy review likely to be non-event

The market is not expecting any policy actions by the RBI in the policy review scheduled on July 28, 2009.
July 27, 2009
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Analysis
  • Why a CRR+SLR hike will be in order
  • Short end of the curve comes under pressure
Reports
  • Yields to stabilise higher with a positive bias
  • Sentiment turning positive on demand
  • Needed: More investors for gilts
  • Govt borrowing negates RBI rate cuts
  • Gilts give best returns to date

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