“Inflation, current account and fiscal dynamics are likely past their best phase and set to deteriorate,” said Eugene Leow, a Singapore-based fixed-income strategist at DBS Bank. Bloomberg With the 10-year yield up 73 basis points in 2017, benchmark sovereign bonds are set to end a three-year winning run, during which the yield slipped 231 basis points, as the Reserve Bank of India reduced benchmark rates to the lowest since 2010. That happening “may push the benchmark 10-year yield higher toward 7.40 per cent,” he said. “Market participants are particularly worried about inflation surprising on the higher side,” said Dhawal Dalal, chief investment officer for debt at Edelweiss Asset Management Ltd. The “time has come for monetary policy to take guard and be ready to go on to the front foot,” said Michael Patra, an arch hawk and one of the six MPC members. The recent upturn in crude oil prices has emerged as a source of concern, and several uncertainties, especially on the fiscal and external fronts, persist, RBI Governor Urjit Patel was cited as having said. Most members in India’s monetary policy committee sounded hawkish about inflation, according to minutes of the Dec. “Worries about additional bond sales have heightened after the not-so convincing BJP win in Gujarat and investors want clarity on the government’s fiscal stance.”
“The uncertainty surrounding government borrowings is hanging like a sword over the bond market,” said Vijay Sharma, executive vice president for fixed income at PNB Gilts Ltd. A slim poll victory for Prime Minister Narendra Modi’s ruling Bharatiya Janata Party in his home state of Gujarat stoked speculation that his administration will resort to populist measures to woo voters ahead of the 2019 general election. If that wasn’t enough, this week brought another headwind. Some see it going from 7.25 per cent on Thursday to as high as 7.50 per cent, as a potentially wider fiscal deficit risks more debt sales by the government and elevated oil prices threaten to fan already-rising inflation.
It’s finally begun to actually feel like 2022, and it is, as they say, about damn time.The yield on benchmark 10-year notes, up for a fifth month in December, will rise further by end of March, according to 10 of 15 respondents in a Bloomberg survey. Here are our 50 favorites from the year so far - songs that either were released or have peaked on the Billboard charts since January 1. And truthfully, even when those top tiers were still occupied entirely by songs from 20, there were still plenty of fascinating things happening at pop’s lower levels - not to mention a decent number of winning ’21 holdovers that didn’t really make their proper impressions on us until the calendar turned. As massive hits from the second half of 2021 continued to linger near the top of top 40 radio and streaming playlists, seemingly refusing to cede room to newer songs - and few major star artists or undeniable smashes came around to claim the space by force - the original music of 2022 struggled to find its footing, at least on the Billboard charts.īut great pop never stays down for long, and in the last month or two, a whole spate of widely anticipated releases by big-name artists have arrived as reinforcements to make inroads for 2022 at the highest levels of popular music. That was true in the near-literal sense: As late as April, you could browse the Hot 100’s top 20 and still only pick out one or two songs that were actually released in 2022.
For a few months there, 2022 was sounding a whole lot like 2021.
0 kommentar(er)
