Bond markets will tussle between rate cut expectations and higher borrowing expectations leading to range bound bond yields until there is a clear signal on either one or both of tRead More
The US Federal Reserve (Fed) chairman Ben Bernanke made a case for more quantative easing to reduce unemployment in the US, which at 8% levels is over 200bps above long term averagRead More
The short end of the yield curve offers attractive returns despite the curve moving down over the last six months. Yields on money market securities and short term bonds have come Read More
Why is the Shanghai Composite Index the worst performing equity index? China’s benchmark equity index the Shanghai Composite Index (Index) is the worst performing equity index on aRead More
Action Use existing resources to reduce your mortgage when times are uncertain Reducing your mortgage Ravi’s friend Vinod had bought a house that cost him quite a penny. Vinod had Read More
Top Down and Bottom Up approach to portfolio selection. Portfolio selection will also differ from investor to investor. Portfolio selection could be based on many factors includingRead More
Identifying the Indian Apple-Part 13 The analysis of auto stocks in the BSE auto index (part 11 and 12 of Identifying the Indian Apple series) helped us identify two stocks, TVS MoRead More
Denial is everyday news now. The government denies any wrongdoing anywhere and instead castigates it’s own agencies for doing their job. Companies deny any poor governance when anaRead More
RBI released the report on enhancing liquidity in the government bond and interest rate derivative (IRD) market on the 13th of August 2012. I thank RBI for taking my inputs and recRead More
The government bond yield curve in the US is upward sloping, which is what a normal yield curve should be. Let us analyse why US yield curves are normal. Chart 1 shows the upward sRead More
The last month of the first half of fiscal 2012 is a tough month for bond markets. The markets have to contend with government bond supply, liquidity, RBI mid term policy review anRead More
The Nifty and Sensex are consolidating at higher levels after a 15% rally calendar 2012 year to date. Equity indices have gone up despite weak economic and corporate data. India GDRead More
The economic slowdown in India is for real and not just suggested by statistical data. The evidence of slowdown is noticeable. Conversations with friends suggest that their businesRead More
Bajaj Finserve- Wait for target price We had recommended Bajaj Finserve for Investment at Rs 690/- with a target return of 50%, implying a price of Rs 1035/-. The stock is trading Read More
It is a wonder why the CAG (Comptroller Auditor General) report on coal mine and Delhi Airport Project is raising such a hue and cry. It is a well known fact that the government diRead More