Global market: Budget expansion sets the tone for bond market tension

The global economy is entering an unusual and potentially difficult phase for bond investors, as public finances in major developed economies deteriorate rapidly – ​​even in the absence of a financial crisis or pandemic. Unlike the extraordinary fiscal expansions we saw during the global financial crisis or Covid-19, the current surge in lending is taking […]

The rupee is supported by RBI intervention and swaps ease liquidity while bonds are on sale

The Indian rupee posted its best one-day gain in more than a month on Monday, boosted by likely central bank dollar sales and modest inflows that eased spillovers from volatility in global markets.The central bank supplemented its interventions with dollar-rupee buy/sell swaps, which, traders said, were aimed at offsetting the liquidity impact of its spot […]