RBI’s 12,000 cr. auction today was undersubscribed – meaning, not enough buyers – to extent of 912 cr., or 7.6% of the auction amount.

This devolves on the primary dealers – who will need to pay up. Funny thing is – the 7 6 year bond, a 2015 gilt, was…

Posted in Credit Repair, Gilts Comments Off

I’ve been holding on to the gilt fund for a while and I’m sick of it – the yields are going up and prices are falling. At 7.18% it’s the lowest I’ve seen for a while, and I am getting out of half my position. Why am I leaving half in there? Just a feel…

Posted in Credit Repair, Gilts Comments Off