India 10yr Bond Yield: Trend intact

Note: rising yields = declining bond prices. 


 

30 JUL 2018

Yields are holding at the 8.05% area. A minor dip is allowed without altering the underlying uptrend. Our focus remains on the stong projection around 8.995% before we expect a more serious challenge to the yield-bulls.

  • Near term trend: positive
  • Long term trend: positive
  • Outlook/expectations: correction in uptrend
  • Strategy: hold long-yields
  • Support: 7.60% / 7.15% / 6.82%
  • Resistance: 8.02%* / 8.995%* / 10.55%*
  • Outlook neutralized: below 7.60%

Weekly chart India 10yr Bond Yield

6 APR 2018

The projection at 8.02% has also been hit and a counter trend phase has taken hold. A decline towards 7.259% or (max) 6.99% can be expected before yields head higher again. It could easily take a few weeks before things cool down, so it is probably prudent to avoid the market for now.

  • Near term trend: negative
  • Long term trend: positive
  • Outlook/expectations: correction in uptrend
  • Strategy: avoid
  • Support: 7.16% / 6.98% / 6.82%
  • Resistance: 8.02%* / 8.995%* / 10.55%*
  • Outlook neutralized: below 7.16%

Weekly chart India 10yr Bond Yield