There may hardly have been a week like the one that went by if one rummaged through recent history. After some large see-saw moves, the week ended somewhat flat. In essence, the spate of measures during the last week appears more towards addressing the undue spike in yields. The authorities would like to anchor the yields to a fair-value of around 7% with spreads getting determined by demand-supply and liquidity mismatches. Under the circumstances, a 7.10-7.30% within a 6.95-7.45% broader range should play out in H1.

Source: dna April 09, 2018 00:11 UTC