Qu’AAA’lity, Qu’AA’lity or Qu’A’lity? – An Update on Credit Markets
Qu’AAA’lity, Qu’AA’lity or Qu’A’lity? – An Update on Credit Markets The credit default/sharp downgrades faced by IL&FS & its group […]
Blogs
Gravity : A Year In Bonds, Macro And More
Introduction Just by looking at year opening and closing bond yields, one may be forgiven in thinking that not much
Blogs
So It Begins? : A Macro Update
The growth data for the September quarter surprised expectations to the downside. Thus real GVA printed 6.9% versus consensus estimates
Bring On, Bring On : RBI Gets Serious, Investors Next?
Upping its recent proactive stance on liquidity, the RBI announced an even higher pace for Open Market Operation (OMO) for
Blogs
RBI Governor Exits : Quick Thoughts
In a surprise move, RBI Governor Dr. Urjit Patel resigned from office yesterday citing personal reasons. Needless to say, this
Where Do We Go? A Macro Update
Introduction A lot has changed over the past few months. From a point in September where market was pricing in
Blogs
OMO Turns 40 : A Bond And Macro Update
The RBI announced INR 40,000 crores of Open Market Operations (OMO) purchases for November, after having done INR 36,000 crores
Fixed Income Economics Series : Global Growth – The case for a Synchronous Slowdown
Global growth – The case for a Synchronous Slowdown After the synchronous global growth pick up in 2017, growth in
Breaking False Causations : RBI Policy October 2018
The Monetary Policy Committee (MPC) surprised market expectations by keeping policy rates on hold by a vote of 5:1. The
RBI Announces Additional Measure
The RBI has allowed an additional 2% carve out from SLR for the purpose of liquidity coverage ratio (LCR) maintenance,