Monthly Updates
July Monthly Market Outlook
July saw a bond market boost as the 10-year G-sec yield hit a 2-year low of 6.91%, driven by reduced fiscal deficit, lower borrowings, and tighter RBI liquidity norms. The yield curve steepened, with short-term rates dropping and long-term rates stabilizing.
Dated 14 Aug 2024
By Sambit Roy
June Monthly Market Outlook
Rupee best performing emerging markets currency, G-secs range bound due to government surplus and inflation pressure. Flat and slightly inverted yield curves, with short-term rates higher than long-term, drive inflows into AAA, AA+, and AA bonds.