Bond Traders Op­ti­mistic

The Economic Times - - Finance & Commodities -

Bond mar­ket traders are op­ti­mistic that sur­prises will not be large in the com­ing fis­cal. “It is true that there is a lit­tle un­cer­tainty this time round. But the mar­ket is cur­rently in a wait-and-watch mode. Ul­ti­mately, bond yields will re­act to in­fla­tion num­bers,” said San­deep Bagla, as­so­ciate di­rec­tor at Trust Cap­i­tal.

The bench­mark 10-year bond yield had eased to 6.37% just af­ter the bud­get an­nounce­ment but re­cov­ered to close at 6.43%. It ended at 6.40% on Thurs­day. Re­serve Bank of In­dia will an­nounce its in­ter­est rate de­ci­sion in a pol­icy re­view on February 8.

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