Aug 03, 2022

Little left for yield curve if more LTROs announced, say experts

With short-term bond yields having come down significantly since the announcement of the long-term repo operations (LTROs) by the Reserve Bank of India (RBI) and the eventual contracting of the spread between the repo rate and short-term yields, the bond market will have very little to gain by participating in any further possible LTROs, say experts. Market participants, however, are of the view that a second tranche is highly likely.

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