India’s 10-year bond yield has fallen from its September 2018 peak of 8.18% to 7.22% in December 2018 due to falling oil prices, increased trading activity in the bond market and a stabilising rupee in the international market. However, the favourable bond market trend may reverse in the coming months due to the expected fiscal slippage following the interim Budget, which may lead to surge in government expenditures.
Can the defence sector continue firing after 100% gains?
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