Similar to April Month, IGB 10Y yields traded in the range of 6.88%-7.15% during May month, closing flattish on MoM basis. 7.00% has been acting as a good resistance level in the recent times which I expect it to be continue, unless there are some positive developments wrt ongoing US-Iran War. RBI MPC outcome scheduled on June 5, and GDP release data on June 7 can act as a near term triggers for the market. High crude oil prices, and expectations of below normal monsoon aiding to the inflation concerns. FII outflows and depreciating rupee are further adding stress on the yields. Hence, RBI commentary is the important thing to watchout for during this month.
Let me know your thoughts. DYOR.
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.