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Credit Market

29 Jul 2019

Yes Bank Bond Spreads at Elevated Levels

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Yes Bank bond spreads are trading at levels of 450bps to over 500bps on the back of deterioration in the bank’s balance sheet that led to rating downgrades. Read our note on Yes Bank Perpetuals. The credit market is risk averse with spreads between the PSU Bonds and all other bonds at higher levels.

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Arjun Parthasarathy
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