Finance
Potter HeadMagical Market Moves: RBI's Repo Cut Sparks Yield Adventure
In the enchanted realm of finance, the 10-year bond yields soared 14 bps after the RBI's latest spell of a 25 bps repo cut, casting a shadow of uncertainty. As foreign wizards unwound their positions, the yield breached the 6.60% barrier, stirring whispers of the last incantation in this cycle. With liquidity charms like OMO and USD/INR swaps announced, the magical market is buzzing with excitement and trepidation.
few days ago | Anjali Kumari
Quick rundown
1.RBI's rate cut seen as the last in the cycle.
2.10-year bond yield breaches 6.60% mark.
3.Foreign investors unwind positions, impacting yields.
4.Upcoming OMO purchase auction raises trader concerns.
5.RBI announces liquidity measures to stabilize the market.
