Debt markets: The other alternative
(Jun 23, 2001)
When a nation has capital, it can utilize it in two ways: either consume the capital i.e. spend it on things that will not give any future benefit or invest the capital into capacity building that will help the economy to grow. Sustainable economic growth is dependent on the level of investment activity. Therefore, industries and the government need money to grow. Household savings that accounted for 18.5% of the GDP (1999) is one of the key supply avenues. And the job of financial markets is to channelize this money into the industrial sector. In 1999, 10.9% of household savings was in the form of financial assets. However, a majority of this comprised of fixed deposits with the banks.
(Special Report)

The different measures of debt.
(Jul 14, 2001)
In the previous article we had introduced debt market instruments, the purpose of this article is to give an insight into the different measures used to value debt instruments.
(Special Report)

Risks associated with bond
(Jan 12, 2002)
In our earlier articles, we had introduced debt market instruments and measures of valuing debt instruments (The different measures of debt). We had also looked into some of the factors, which affect the pricing and valuations of bonds ( The yield curve).
(Special Report)

The yield curve
(Aug 18, 2001)
In the previous article we had taken up some measures that quantify the returns on debt instruments. Going further we look into some of the factors that affect the pricing or the valuations of the debt instruments. (Kindly note the debt instruments considered in the article are G-secs and T-bills. Other instruments like debentures and zero coupon bonds are not included. )
(Special Report)