After his tour he went into the Human Resources field with a worldwide financial institution and has gone back to college at CTU to complete his masters.

He was stationed in Parris Island SC, Twenty Nine Palms CA and Kaneohe Bay Hawaii. He attended UMASS Amherst where he obtained a BA and later joined the US Marine Corp.

“We are neutral further out the curve at current levels.Mark Tufo is the author of Z-HUNT. “We have a preference for the front-end of the India government bond curve, having assessed that valuation of short-dated government bonds is not rich versus the policy rate and swaps,' said Jennifer Kusuma, senior Asia rates strategist at ANZ. “So with 6.50% as repo rate, government bonds will find it difficult to trade meaningfully below 7%.'Īustralia & New Zealand Banking Group is also recommending shorter-maturity bonds in this scenario.

“The upcoming inflation numbers are likely to be benign, extending the RBI pause easily to the third quarter, but a rate cut is not the base case here,' said Abhisek Bahinipati, fixed-income trading head at Mirae Asset Capital Markets India. Credit demand has been robust and expectations for the RBI to conduct open market operations to support the bond market are low, Sood added.ĭata on Friday are expected to show consumer price inflation eased sharply to 4.8% last month from 5.66% in March, according to a Bloomberg survey. “I don’t expect much demand coming from the banking sector,' said Deepak Sood, partner and head of fixed income at Alpha Alternatives Fund in Mumbai. The supply deluge may face resistance from buyers especially after the recent rally and with banks holding bonds well above their regulatory limits. India plans to sell about 9 trillion rupees ($110 billion) of bonds in the six months to September, or 58% of the record 15.43 trillion rupees full-year target. When the benchmark rates are on hold or if the cuts are shallow, shorter-tenor securities offer better returns than longer ones.

The cracks in demand are already starting to show, as the government sold bonds at higher-than-expected cut-off yields at an auction on Thursday. The move came as the Reserve Bank of India surprised traders by opting for a pause in its April policy. The benchmark yield fell 11 basis points in the first week of May, after posting its biggest monthly decline since 2020 last month.

The end mark tufo