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bond: A loss-making Indian bond trade could finally yield profits, SocGen says

A loss-making trade between Indian bonds and swaps may finally turn profitable, according to Societe Generale.
Buying overnight indexed swaps to hedge India bond risk was termed a “widow-making trade” for most of the three years to early 2020, Kiyong Seong, a rates strategist wrote in a note. That’s because interest rate derivatives outperformed government paper amid easy monetary conditions.
However, swap rates have been on an uptrend since the second half of last year. Heavy government borrowing announced in the budget last week and disappointment over the Reserve Bank of India’s support measures have further narrowed the spread between 10-year sovereign debt and five-year onshore overnight indexed swaps to 89 basis points from 125 basis points in end-2020. ....

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When Rajesh Khanna was roped in to play desi James Bond

When Rajesh Khanna was roped in to play desi James Bond
In 1974, Bollywood s reigning superstar Rajesh Khanna was roped in to play the role of the Indian Bond in Narendra Bedi s film 007, which was shelved after a few days of shooting.
Updated: December 29, 2020 1:15:34 pm
Rajesh Khanna was once signed on to play Indian James Bond. (Photo: Cinema Rare/Twitter)
Hindi cinema has always been fascinated with James Bond so even though we never had our own 007, we surely tried to spin different versions of the character over the decades. In 1974, Bollywood’s reigning superstar Rajesh Khanna was roped in to play the role of the Indian Bond in Narendra Bedi’s film 007, which was shelved after a few days of shooting. ....

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Coronavirus pandemic and a shocking murder top 2020 Braintree stories

BRAINTREE – The town was hit hard by the coronavirus pandemic during 2020, with more than 2,000 residents infected and over 100 deaths. The pandemic closed everything from schools to South Shore Plaza, canceled events from summer recreation programs to the annual Braintree Day celebration, and generally upended lives throughout the community.
But amid the pandemic, there was one death that shocked the community: Laurie Melchionda s.
The health board member and longtime school nurse was shot to death by a man posing as a delivery driver at her Howie Road home June 17. A former neighbor, Robert Bonang, was arrested within minutes and charged with murder. ....

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