Saturday, June 10, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Latest updates

10-year G-Sec yield rises only 32 bps against 90 bps repo rate hike

Updates Finance by Updates Finance
July 19, 2022
in Latest updates
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Robert Philip Hanssen, double agent, 1944-2023

American Airlines, JetBlue seek to keep some ties despite losing antitrust case

Trump’s indictment is explained by criminal law scholar

Yield of the 10-year benchmark government security (G-Sec) has risen only by 32 basis points vis-a-vis the 90 basis points hike in the policy repo rate since the current rate hike cycle began on May 4.

For the US, in the current rate hike cycle, which started from March, the Federal funds rate has been raised by 150 basis points whereas yield of its 10-year paper rose by 77 bps during the same period, according to Bank of Baroda’s economic research report.

Supply side measures

Referring to recent moderation in domestic yields as compared to the repo rate hike, Dipanwita Mazumdar, Economist, BoB, observed that domestic yields got comfort from government’s supply side measures (excise duty cut on petrol, diesel and measures on edible oil prices front) to check inflation. The current June inflation reading also got slight comfort from those measures.

She noted that oil prices have fallen by 11.9 per cent in the current fortnight (ended July 15), and by 18.1 per cent from its high of $124/barrel seen on June 8, 2022. This has comforted domestic yields on account of expectation of lower burden in terms of inflation.

“Global sovereign 10Y yields have shown moderation across the board as recession fears outweighed inflationary concerns. However, central banks kept in mind price stability and went on with aggressive rate hikes.

“India’s 10Y yield has only fallen a tad in the current fortnight,”Mazumdar said.

Yield of the 10-year benchmark G-Sec (coupon rate: 6.54 per cent) closed at 7.4381 per cent on July 15 against 7.4241 per cent on July 1.

https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1

The Economist emphasised that durable liquidity is still at an elevated level. This is supporting yields apart from risk off sentiment due to aggravated growth concerns.

“We expect India’s 10Y yield to trade in the range of 7.40-7.50 per cent in the next fortnight with risks remaining on the upside.

“Major event will be the Fed policy meeting. As per CME Fed watch, 71 per cent traders are anticipating a 75 bps rate hike. However, 100 bps cannot also be ruled out. If this happens, domestic yields might inch upward in line with global yields,” she said, adding a repo rate hike of 50-75 bps is expected in the current cycle.

Also, any devolvement in the auctions will put pressure on yields as seen in the July 15 auction. Even depreciating currency also poses upside risk to domestic yield outlook in terms of FPI debt outflow.

Rupee breaches 80

Meanwhile, the rupee breached the 80 to the dollar mark for the first time during official trading hours, touching an intraday low of 80.06 even as the Dollar Index declines and the euro strengthened.

However, the Reserve Bank of India’s strong intervention ensured that the rupee closed about 3 paise stronger at 79.94 per Dollar against the previous close of 79.97.

Published on

July 19, 2022



Source link

Tags: 10yearbpsGSecHikeratereporisesYield
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Robert Philip Hanssen, double agent, 1944-2023

by Updates Finance
June 10, 2023
0

When authorities arrested Robert Hanssen, the FBI’s most high profile double agent had just one question for his colleagues: “What took you so long?”Hanssen, who was found dead...

Read more

American Airlines, JetBlue seek to keep some ties despite losing antitrust case

by Updates Finance
June 10, 2023
0

Article content American Airlines and JetBlue said Friday they should be allowed to keep selling tickets on each other’s flights in the Northeast and link their frequent-flyer programs...

Read more

Trump’s indictment is explained by criminal law scholar

by Updates Finance
June 10, 2023
0

Federal prosecutors on June 9, 2023, unsealed the indictment that spells out the government’s case against former President Donald J. Trump, who is accused of violating national security laws and...

Read more

VLCC acquires Ustraa to enter men’s grooming business

by Updates Finance
June 9, 2023
0

Beauty and skincare brand VLCC on Friday announced the acquisition of Happily Unmarried Marketing Private Ltd, which owns men's grooming brand Ustraa, for an undisclosed amount. The acquisition, which...

Read more

Trump Shuffles Lawyers, Says Ex-Valet Indicted in Conspiracy

by Updates Finance
June 9, 2023
0

(Bloomberg) -- Donald Trump has overhauled his legal team and revealed that an aide also has been indicted on federal charges over the former president’s refusal to return...

Read more
Next Post

GDP Provides a False Reading of the State of the Economy

Related News

The World Needs More Energy and Less Energy Regulation

December 10, 2022

Question of the Day: What were the top 3 selling video games last year?

April 5, 2023

The Pros and Cons of Big Brands Launching Web3 Projects

February 27, 2023

Browse by Category

  • 1Win Casino
  • blog
  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Mostbet Casino
  • Mostbet kazinosu
  • Mostbet kumarhanesi
  • Online Dating
  • Personal Finance
  • Retirement
  • Startups
  • Technology
  • Uncategorized

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • 1Win Casino
  • blog
  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Mostbet Casino
  • Mostbet kazinosu
  • Mostbet kumarhanesi
  • Online Dating
  • Personal Finance
  • Retirement
  • Startups
  • Technology
  • Uncategorized

Recent News

  • Offer to Buy Bundle Purchase – Analytics & Forecasts – 10 June 2023
  • Russia has received hundreds of Iranian drones to attack Ukraine, says White House

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1 https://www.videosprofitnetwork.com/watch.xml?key=23dd8a3bb9168e7b5f33ef2b66f1a432
https://www.videosprofitnetwork.com/watch.xml?key=23dd8a3bb9168e7b5f33ef2b66f1a432 https://www.highcpmrevenuenetwork.com/yjx9n4xz?key=2ae113e708965368d7206a42df6559d1
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?