Indian Bond yields continued its bearish run much to the dismay of the government and the RBI. The 10 year bond yield see-sawed 7.4 per cent at the start of the month to 7.12 per cent in the first week of April but ended the month at 7.75 per cent. Bond market volatility remains at painfully high levels.
We use the word ‘dismay’, because between the Finance Ministry and the RBI have tried to manage sentiment and get the bond yields lower.
