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Government Attempt To Fend Off Debt Repayment Pressure Sees Limited Success
In a year when government bond auctions have partially failed a number of times, rising redemption pressure is an added concern.
04 Jun 2021, 08:03 AM IST
The government’s attempt to push back debt redemptions by either buying back bonds or switching them for longer-dated securities has seen limited success.While buybacks were halted due to the government’s strained finances, “debt switches” haven’t seen many takers in a market where the supply of bonds is large and the pool of buyers limited.In a year when government bond auctions have partially failed a number of times, the rising re...
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