Fixed Income And Currency Market

23 Jan 2022

No respite for bonds, as oil prices hit budget expectations

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RBI devolved around 15% of the Rs 130 billion 5 year auction on to the underwriters at over 2 year high levels of 6.07% in the bond auction held last week. Bond markets are nervous on union budget due to rising oil prices and are losing appetite for bonds.

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Arjun Parthasarathy
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