In the course of its activities Middle Office (MO), after gradually taking up different responsibilities, including short term auction strategy, cash flow projections and cash management operations etc, as an advisory capacity to begin with, is bringing out a quarterly report on debt management. This is the third report pertaining to quarter October-December 2010.
The report is divided into five sections. Section 1 briefly describes the macroeconomic environment during the quarter – growth, inflation, capital flows etc.,- that have a bearing on debt markets. Section 2 details debt management operations in the primary market during the quarter – Government’s financing requirement, auction details, cost of borrowing, weighted average maturity etc. The cash management operations during the quarter and their rationale are explained in Section 3. Section 4 provides an account of outstanding debt – cost and risk character, holding pattern and maturity profile. Finally, Section 5 details the secondary market activity in the Government securities market.
This report will be published every quarter. The complete report of this quarter is enclosed.
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