Ola folks, here’s the first post on Nakedbeta. Well, you’ll be pretty much aware of the Cobrapost allegations against DHFL Finance. The stock was down 5.48% today. But what transpired in the bond markets was much crazier. The yields on some DHFL NCDs shot up to 24%. That’s freaking crazy.
Although, you’ll have to take this with a pinch of salt given that, there are hardly any volumes in the cash segment. But nonetheless, that’s a massive spike. Retail investors hardly pay attention to the bond markets given the smaller size and lack of awareness. But the bond markets always tell a better story than the equity markets and here it is.
