Friend texted last night. "RBI cuts next week. Should I move into my hybrid's debt side for the rally?"
The repo number is not the number that moves your money.
+0.03 pct
Liquid fund
duration 0.1
+1.00 pct
Corporate bond
duration 4.0
+2.25 pct
Long gilt
duration 9.0
The same 25 bps cut. The same afternoon. The gap between these three is one word on the factsheet almost nobody opens. Duration.