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Government To Limit Floating Rate Bonds To Under A Tenth Of Borrowings
Can the government borrow more via floating rate bonds in an uncertain interest rate environment?
12 Jul 2021, 08:06 AM IST
The strain in the bond market, which has led to a series of partially failed auctions, has left the government's floating rate bond issue unscathed. This, as investors try to protect themselves from interest rate risk which may emerge from a turn in global and local inflation conditions.The government, however, is not keen to raise the share of floating rate debt in its portfolio fearing a rise in payouts should interest rates rise.A...
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