Last week IGB 10Y traded within the descending triangle amid all the geopolitical tensions. Though RBI secondary buying helped the yields to go down, yields have been recovered after the buying has stopped from RBI on friday second half. OMO announcement of Rs. 1 lakh crore after the market hours on friday, can impact the opening of the yields. Along with this, rising brent can also have impact on the same in the upcoming week.
As per the technicals, 6.64% remains crucial support level and 6.78% remains first resistance. A breakout above 6.78% will likely to drive the yields to 6.88% range in the short-term.
Let me know your thoughts. DYOR
As per the technicals, 6.64% remains crucial support level and 6.78% remains first resistance. A breakout above 6.78% will likely to drive the yields to 6.88% range in the short-term.
Let me know your thoughts. DYOR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.