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Fixed Income And Currency Market
7 Oct 2016
Where to for the 6.97% 2026 Gsec from Hereon?
Given the domestic and global factors, the yield on the 6.97% 2026 bond is likely to stay ranged with 6.60% levels at the floor and 6.85% at the ceiling. Break out of 6.85% is likely if there is deep global risk aversion while inflation coming in lower than 5% levels for the next few months could see the yield drop below 6.60% levels.
Arjun Parthasarathy
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