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Fixed Income And Currency Market

9 Jan 2023

Long end of the g-sec curve needs to rise fast to offer any value

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10 -year benchmark bond yields rose last week to its highest levels in more than a month on the back of a high CAD that came in at 9 year highs and in anticipation of continued high borrowing expected in the budget for the next fiscal year. The bond market will want higher yields to absorb next years borrowing without losing money.

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Arjun Parthasarathy
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