"An investor needs to do very few things right as long as he avoids big mistakes" I was facing some technical issue and hence the crazy delay in publishing the post. On the Domestic side, Bloomberg Index Services proposed to include India FAR bonds in its EM local currency index over a 5 month period starting Sep 24 and invited feedback on the same. The inclusion could result in $2 - $3 bn of inflows acc to media reports. System Liquidity continued to be in deficit at inr 155k crs and WACR was at 6.77%. Forwards continued to be paid with Dec Swap points closing 2 bps higher on the day. Mifor curve was 2 - 3 bps lower with volumes of inr 4830 crs across 40 trades. OIS was 4 - 5 bps lower in the 2Y-5Y segment. Bitcoin and Crude Oil prices were large movers yesterday. Bitcoin surged ~ 7% in anticipation of SEC Bitcoin ETF Approval decisively breaking above the 44750 level. Crude Oil prices however slumped over 3%. Saudi Arabia cut the official selling prices (OSPs) for its cru...
The specific focus of the Blog is on Global and Domestic interest rates and currencies market. I look at fundamentals to define my bias and corroborate that with a study of price action to put on high conviction trades. The views and opinions are those of author and author alone. ~ Author: Vaishali Bagchi