MUMBAI: Indian government bonds were rangebound in the week ended Friday, as fading inflation and rate-hike worries left traders hunting for direction, while a steeper curve lured buyers into long bonds. The yield on the benchmark 6.94% 2036 bond ended at 6.7578%, versus 6.7582% in the previous session. The borrowing rate failed to breach the 6.75% mark, a key psychological level, as sales by…
Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.
TD Securities’ Oscar Munoz argues that Chair Kevin Warsh’s communication strategy has undermined market confidence in the Federal Reserve’s inflation-fighting resolve.
