Finance
Mr. BillionhairNabard's ₹7,000 Crore Bond? Not Happening, Folks!
Folks, Nabard just hit the brakes on a colossal ₹7,000 crore bond issue! Why? Because those short-end yields are as stubborn as a mule! They thought rates would drop after last week's cash splash, but guess what? Power Finance Corporation is also waving the white flag, canceling ₹6,000 crore. It's a wild ride, and nobody's locking in money at these prices! Sad!
few days ago | Anjali Kumari
Quick rundown
1.Nabard scraps ₹7,000 crore bond issuance due to high yields.
2.Market expectations not aligning with current bond yields.
3.PFC also withdraws bond issuances amid similar conditions.
4.RBI's rate cut not effectively lowering bond yields.
5.Persistent pressure on the shorter end of the yield curve.
