Indian Sovereign bond market participants dumbfounded as bond buying at standstill
Indian Sovereign bond market: The 10-year bond yield should hover in the range of 7.70-7.80% levels given that there is no further spurt in global yields, the trader added. Singapore-based DBS Bank believes that the backdrop for emerging market bonds remains challenging.
Indian Sovereign bond market participants dumbfounded at the time when there is no buying appetite amid uncertainty over domestic interest rate stance. Image source: Reuters