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Debt Market Observer Good Time to Be Bond Investor by Pankaj Pathak , Fund Manager, Quantum Mutual Fund Below the quote on Debt Market Observer Good Time to Be Bond Investor by Pankaj Pathak , Fund Manager, Quantum Mutual Fund     Year 2023 can be characterised as a year of great volatility. Throughout the year, global bond market was toggling between two opposing narratives - “persistent inflation” and “recession” – particularly in the United States. Central bankers’ data dependency and volatile economic data too kept bond markets at ...
Debt Market Observer Good Time to Be Bond Investor by Pankaj Pathak , Fund Manager, Quantum Mutual Fund
Debt Market Observer Good Time to Be Bond Investor by Pankaj Pathak , Fund Manager, Quantum Mutual Fund
Source: Quantum Mutual Fund
2023-12-22 05:14:34 pm
Comment on US FED Policy & impact by Pankaj Pathak, Quantum AMC Below the comment on US FED Policy & impact by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC. FED’s dovish pivot will be supportive for the Indian bond market in many ways. First, it will ease pressure from the RBI while framing the monetary policy. We would expect the RBI to be less concerned about external conditions with US fed cutting rates. Secondly, capital flows towards emerging markets should rise as risk-on trade takes hold. Indian bonds might emerge as a big...
Comment on US FED Policy & impact by Pankaj Pathak, Quantum AMC
Comment on US FED Policy & impact by Pankaj Pathak, Quantum AMC
Source: PR Agency
2023-12-14 01:16:30 pm
Monthly Fixed Income Outlook for December - 2023 by Pankaj Pathak, Fund Manager - Fixed Income, Quantum AMC. November marked some significant moves in the global bond markets with sharp drop in bond yields (rise in prices). The 10-year US treasury fell by 60 basis points in the month from 4.93% to 4.32%, the biggest monthly drop in over 12 years. The bond rally was aided by moderate inflation and job numbers and dovish comments from the federal reserve board members indicating the rate hiking cycle is over and rate cuts may begin next year. The Fed funds future now predicts near 90% probability o...
Monthly Fixed Income Outlook for December - 2023 by Pankaj Pathak, Fund Manager - Fixed Income, Quantum AMC.
Monthly Fixed Income Outlook for December - 2023 by Pankaj Pathak, Fund Manager - Fixed Income, Quantum AMC.
Source: Quantum Mutual Fund
2023-12-11 04:15:37 pm
RBI Policy comment by Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC Below the Quote on RBI Policy comment by Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC   As broadly expected, the RBI maintained status quo on rates and maintained the policy stance as ‘withdrawal of accommodation’. The policy tone was very well balanced as the RBI showed caution on impacts of recurring food price shocks while also acknowledged the persistent disinflation in the non-food items. It highlighted the resilience of the Indian economy and ra...
RBI Policy comment by Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC
RBI Policy comment by Pankaj Pathak, Fund Manager-Fixed Income, Quantum AMC
Source: Quantum Mutual Fund
2023-12-08 02:55:27 pm
Pre Monetary Policy expectation quote by Pankaj Pathak, Quantum Mutual Fund. Below the Pre Policy expectation quote by Pankaj Pathak, Fund Manager- Fixed Income, Quantum Mutual Fund. Compared to the last monetary policy, this time macro backdrop looks much better. Crude oil prices have come down, Inflation has cooled off, global interest rates are significantly lower and more importantly the US FED doesn’t look that hawkish now. The RBI can also take comfort from the sharp fall in core CPI inflation which is now getting closer to the RBI’s target of ...
Pre Monetary Policy expectation quote by Pankaj Pathak, Quantum Mutual Fund.
Pre Monetary Policy expectation quote by Pankaj Pathak, Quantum Mutual Fund.
Source: Quantum Mutual Fund
2023-12-04 12:14:50 pm
Debt Monthly Observer for November 2023 by Pankaj Pathak, Quantum AMC The Bull Case Over the last two years, bond markets endured a historic jump in global inflation, fastest ever rate hikes by central banks across the globe, wild swings in commodity prices and intense geopolitical stress unseen in decades. The US treasuries, which are widely perceived to be risk-free asset, have been behaving like a penny stock with sharp moves in yields. Amidst all the chaos, the Indian bond market has shown an unshakable resilience. Indian bond yields remained relative...
Debt Monthly Observer for November 2023 by Pankaj Pathak, Quantum AMC
Debt Monthly Observer for November 2023 by Pankaj Pathak, Quantum AMC
Source: PR Agency
2023-11-24 10:33:12 am
Monthly Fixed Income Outlook : November 2023 By Pankaj Pathak, Quantum Mutual Fund The Indian bond markets witnessed a series of negative events after the cheer around India’s inclusion in the global bond index in the month of September 2023. RBI’s mention of OMO sale (open market operation to sell bonds and take out liquidity from banking system) to manage liquidity, spreading narrative of higher for longer interest rates in the US and an armed conflict in West Asia kept bond investors on sidelines and pushed yields higher in the month. India bond yields mov...
Monthly Fixed Income Outlook : November 2023 By Pankaj Pathak, Quantum Mutual Fund
Monthly Fixed Income Outlook : November 2023 By Pankaj Pathak, Quantum Mutual Fund
Source: PR Agency
2023-11-07 02:31:41 pm
Geopolitics and Shifting Demand-Supply Balance By Pankaj Pathak, Quantum Mutual Fund Elevated crude oil prices and the ‘higher for longer’ narrative for US interest rates continue to dominate the investor sentiment in the bond market. Escalating tensions in the Middle East have added to the prevailing nervousness. It is keeping market participants on their toes. So much so that it took away focus from some remarkable improvements in the domestic macros and market dynamics. Before going into the discussion of domestic trends that we are seeing, let’s firs...
Geopolitics and Shifting Demand-Supply Balance By Pankaj Pathak, Quantum Mutual Fund
Geopolitics and Shifting Demand-Supply Balance By Pankaj Pathak, Quantum Mutual Fund
Source: PR Agency
2023-10-26 05:46:10 pm
Comment on RBI Credit Policy by Pankaj Pathak, Quantum AMC Below the comment on RBI Credit Policy by Pankaj Pathak, Fund Manager- Fixed Income, Quantum AMC.Comment :Key Measures AnnouncedThe monetary policy committee (MPC) of the RBI left the Policy Repo rate unchanged at 6.5% and maintained the policy stance with a majority vote (5/6) as ?withdrawal of accommodation?. The RBI expects GDP growth to remain on strong footing despite slowing external demand as domestic demand showed resilience. The GDP growth forecast for FY24 i...
Comment on RBI Credit Policy by Pankaj Pathak, Quantum AMC
Comment on RBI Credit Policy by Pankaj Pathak, Quantum AMC
Source: PR Agency
2023-10-06 05:09:44 pm
Weekly Debt Update : Indian Bonds Entered the Big League By Pankaj Pathak, Quantum AMC Index Inclusion to drive Foreign Capital in Indian BondsIndian government bonds will be included in the JP Morgan GBI-EM Global indices with effect from June 2024. The inclusion would happen in a staggered manner with 1% of index weight addition every month, reaching the maximum weight of 10% in the index by Mar 2025.The GBI-EM Index is widely followed with ~USD 236 billion of fixed income assets benchmarked to it. Thus, inclusion into this index would attract USD 25-40 billion of foreign por...
Weekly Debt Update : Indian Bonds Entered the Big League By Pankaj Pathak, Quantum AMC
Weekly Debt Update : Indian Bonds Entered the Big League By Pankaj Pathak, Quantum AMC
Source: PR Agency
2023-09-29 01:09:25 pm
Debt Market Observer for September 2023 by Pankaj Pathak, Quantum Mutual Fund Why Soaring Oil Prices Couldn't Dampen Market MoodFrom inflation and monetary policy, market?s attention has now shifted to rising crude oil prices and a possibility of global bond index inclusion. The push-pull effect of these opposing forces has added volatility in the bond market and made the future look more uncertain.Oil on rise; but the link is brokenCrude oil prices have jumped more than 30% in the last three months due to supply cuts by the OPEC+ alliance which includes 23 oil prod...
Debt Market Observer for September 2023 by Pankaj Pathak, Quantum Mutual Fund
Debt Market Observer for September 2023 by Pankaj Pathak, Quantum Mutual Fund
Source: PR Agency
2023-09-21 04:32:05pm