Bond market mein aaj zabardast halchal hai! 10-year government bond yields **3** saal ke peak par **7.31%** touch kar gaye hain, kyunki RBI inflation control karne ke liye liquidity suck-out karne ki taiyari mein hai.
Bond market mein aaj kafi tension ka mahaul hai. Benchmark 10-year government bond yield jump hokar 7.31% par aa gaya hai, jo last 3 saalon ka sabse high level hai. Ye sab RBI ke us decision ka nateeja hai jahan unhone Repo Rate ko 25 basis points badhakar 5.50% kar diya hai.
Liquidity ka khel aur RBI ki tight policy
RBI ab 'calibrated tightening' ke mood mein hai. Inflation ko control karne ke liye central bank system se excess cash nikalne ki koshish kar raha hai. October 13 ko hone wale Open Market Operations se market se lagbhag ₹1 lakh Crore ki liquidity drain hone ki umeed hai. Jab system mein cash kam hota hai, toh seedha asar bond yields par padta hai aur wo upar bhagte hain.
Bank stocks par kyon hai pressure?
Indian banks ka ek bada hissa government bonds mein invest hota hai. Jab yield badhta hai, toh purane bonds ki price gir jati hai. Iska matlab banks ko apne investments ki value ko neeche adjust karna padega, jisse unke quarterly profit margins par seedha asar pad sakta hai. Isi wajah se investors banking sector ko lekar thode wary hain.
Loan lene wale ho jao savdhan
Sirf bank hi nahi, aam aadmi aur businesses par bhi iska asar padega. 10-year yield benchmark ki tarah kaam karta hai, isliye agar ye upar raha toh corporate loans aur consumer debt bhi mehenge ho jayenge. Economy mein expansion plans slow ho sakte hain.
Market ab inflation data aur RBI ke next moves par nazar rakhe huye hai. Experts maan rahe hain ki agar ye tezi bani rahi, toh 7.5% ka level bhi dekhne ko mil sakta hai.