Crazy yields on DHFL bonds (NCDs)

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.

Posted by Passivefool

A passive investor at present who was actively scammed once. Seduced by the humble beta, preaching to the choir now.

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