Page 2 - Sg Sec News Today

The minimum initial investment amount in both the schemes during NFO period is Rs 5,000 and in multiples of Re 1 thereafter. Subsequent minimum investment amount is Rs 1,000 and in multiples of Re 1 thereafter.

Most banks had reported a rise in treasury gains in the July-September quarter, experts said

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Mumbai, Jan 2 (PTI) At the first weekly auction of the last quarter of 2023-24, the states saw their interest burden sharply rising to cross the 7.7 percentage mark on Tuesday, leading to the spread between the cut-off of 10-year state bonds and the G-sec yield crossing the 50 basis points mark for the first time in two years.

A bond forward refers to a derivative contract in which one counterparty agrees to purchase a specific debt instrument from another counterparty on a particular future date and at a price decided at the time the contract is struck.

These banks, typically the biggest buyers of government debt, have sold bonds worth Rs 14,380 crore ($1.73 billion) on a net basis so far in December, following sales of Rs 8,840 crore in November, clearing house data showed.

Speaking at the industry body CIIs Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.”

So, when in a high interest rates scenario, investing in fixed income securities seems lucrative for many investors, but one should understand the risk and reward before making investment decisions.

In July 2021, the RBI announced a return to the uniform price auction method for primary government bond sales seven years after it said that such auctions would be held via the multiple price method.

Eight states raised Rs 9,600 crore through state government securities (SGS) on Tuesday, which is 13.6 per cent higher than the amount indicated for this week in the auction calendar, according to Aditi Nayar, the chief economist at Icra Ratings.