Term Premia Debate: RBI’s Michael Patra Counters JR Varma’s View
A trader looks at financial data on computer screens on the trading floor in London, U.K. (Photographer: Luke MacGregor/Bloomberg)

Term Premia Debate: RBI’s Michael Patra Counters JR Varma’s View

The “term premia” is an esoteric concept that generates much debate across bond markets. Particularly across Indian bonds.Defined as the difference between short-term and long-term interest rates, ...
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