Rich people today are those who hold bonds -- those who held it in April, those who held it in June, those who held it on November 8 and who are still holding it. Bond prices are at 7-year highs, yields are at 7-year lows.
Watch the interview of Vivek Rajpal, Rates Strategist at Nomura India with Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18. He shared his views about the money market.
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