Bond Bull Market May Pause, But India’s Rally Is Far From Over: Expert
India’s government bond market may be due for a consolidation after a strong run, but the broader bull case remains intact, according to market observers. The benchmark 10-year government security yield, which spent much of 2015 and early 2016 trapped in the 7.5%-8% band before slipping below 7% on expectations of easier liquidity, could fall further if the Reserve Bank of India continues to ease system cash conditions.
