Bonds have traded largely within a range of 6.69%–6.77% amid geopolitical tensions in West Asia and rising oil prices, falling rupee, which are raising concerns around foreign reserves and inflation. With the RBI largely out of the market, geopolitical developments will play a major role in the coming week.
6.78% has been acting as a crucial level since February. A breach of this level is likely to push yields towards 6.88%. If geopolitical tensions cool off, yields can retrace towards 6.65%.
6.78% has been acting as a crucial level since February. A breach of this level is likely to push yields towards 6.88%. If geopolitical tensions cool off, yields can retrace towards 6.65%.
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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.