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Bond yields eased on Monday tracking a slide in the US treasury yields and drop in global oil prices after disappointing US jobs data on Friday. As per some media reports, India will have to consider cancelling or postponing its borrowing programme if bond yields stay 'unacceptably' high as the government has made it clear that it is not happy with the current level of yields.
On the global front, US treasury prices rallied on Friday after a dismal jobs report renewed fears the economy is slowing, and led to some speculation that lawmakers may now be less likely to push through harsh spending cuts, or risk harming the economy further. Meanwhile, Oil fell for a second day on Monday after a drop in China's crude imports and disappointing US employment data rekindled concerns of a demand slowdown at the world's top two energy consumers.
Back home, the Reserve Bank of India has announced the auction of 91-day and 364-day Government of India Treasury Bills for notified amount of Rs 7,000 crore and Rs 3000 crore respectively. The auction will be conducted on July 13, 2011 using 'Multiple Price Auction' method.
The yields on 10-year benchmark 7.80% - 2021 has edged lower by 3 basis points at 8.32% from its previous close of 8.35% on Friday tracking a slide in US yields and global oil prices.
The benchmark five-year interest rate swaps were down 8 basis points at 7.64% from its previous close of 7.72% on Friday.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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