Govt bond market to consolidate at current levels: Dhawal Dalal
Dhawal Dalal of Edelweiss AMC said, “We expect government bond market to consolidate at current levels. With major events out of the way and global bond markets appearing to stabilise, we expect bond market participants to focus on the fundamentals in the near term and wait for signs of inflationary pressures.”
“We expect major bond market drivers such as US 10-year and crude oil to remain rangebound in the near term. Based on that, we expect the 10-year benchmark bond yield to trade in the range of 7.45-7.55 percent in the near term,” he added.