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Fixed Income And Currency Market

11 Dec 2022

Are markets immune to rate hikes?

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RBI hiked rates by 35bps last week and indicated more rate hikes ahead. Bond markets saw g-sec yields rising from lows but are still below highs seen a couple of months ago. OIS yields too are below highs after climbing post RBI policy. Have bond markets already factored in full extent of rate hikes?

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Arjun Parthasarathy
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