Reliance Plows Billions From Stake Sales Into Debt Funds

As observed by Subhadip Sircar, Divya Patil, and Saket Sundria at Bloomberg, for Reliance Industries is not alone in observing the curve steepening 2s-10s in corporate bonds in India and EM at large, is proceeding faster than the steepening playing out in sovereign bonds. Monitor curve steepening effects for all EM corporate and sovereign yield curves using Overbond’s curve…

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Watch the bond market, not equities

 Despite the US Federal Reserve raising rates five times this year, bond prices have stayed high which has kept the long-term yields low. Source: Financial Times The head of a leading western central bank predicted that his job would soon be akin to flying a plane. The goal was to deliver such a smooth glide path…

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