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A Dearth of Ideas
Economic and Political Weekly
Vol. 30, No. 27 (Jul. 8, 1995), pp. 1636-1642
Published by: Economic and Political Weekly
Stable URL: http://www.jstor.org/stable/4402960
Page Count: 7
You can always find the topics here!Topics: Repurchase agreement, Interest, Government securities, Securities trading, Taxable bonds, Bank loans, Bond markets, Reserve banking, Treasury bills, Financial instruments
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While the acute shortage of liquidity combined with an unrealistic government borrowing programme has imparted a great deal of uncertainty, the money market also seems to perceive that the rates of interest on government debt have now peaked. The result is an inversion of the yield curve for government securities.
Economic and Political Weekly © 1995 Economic and Political Weekly