Bond markets had a strong run in the recent months. Supportive macro conditions both in the domestic and global markets drove the bond yields significantly lower across the maturity curve.
The 10 year government bond yield which was quoting around 7.4 per cent in April fell to 6.9 per cent by the June end. It declined further to 6.7 per cent post the Union Budget announcement in which the Government kept its fiscal deficit target at 3.3 per cent of GDP and proposed to tap the global ma ..
