Market move● Neutral for Indian equities
India bonds may waver as traders gauge debt supply before RBI verdict
The brief
- The benchmark 6.94% 2036 bond yield may trade in a 7.20%-7.26% band
- The yield range matters for Indian bond investors and banks holding government securities
- Rate cut cycle near turning point. What lies ahead for Indian bonds?
- Economists expect RBI to raise repo rate 25 bps to 5.50% in October
- 10-year bond yield breaches 7.20%; hits 2.5-year high
- Global bond rout hoists benchmark Indian yield to mid-2024 high before RBI policy
- India bonds slide as US Treasury rout, supply weigh