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Bond Yields rose on Wednesday tracking a rise in the U.S. crude oil futures, also as traders preferred staying on the sidelines ahead of the Treasury bill sale later in the noon for cues on the outlook. Cut-off yields at Treasury bill auctions have been rising since the start of this fiscal year, indicating the central bank will maintain its tightening monetary stance. The market was closed on Tuesday for a local holiday. Meanwhile, Brent crude oil futures rebounded above $111 on Wednesday on a softer dollar and after a surprise drop in the U.S. gasoline stocks allayed concerns about weak demand ahead of the peak driving season.
On the global front, the U.S. Treasury yields fell through key technical resistance levels as weak data added to disappointment over the pace of economic growth and investors moved out of commodity and equities markets back into bonds.
Back home, the yields on 10-year benchmark; the 7.80%-2021 were higher at 8.30% from its previous close of 8.28 % on Monday.
The benchmark five-year interest rate swaps were at 8.18% higher than Monday's close of 8.15%.
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 8,000 crore and Rs 3000 crore respectively. The auction will be conducted on May 18, 2011 using 'Multiple Price Auction' method.
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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