Bond traders await RBI verdict as 2036 yield holds near 7.19%
In short
A bond trader said the 6.94% 2036 bond may stay between 7.18% and 7.20% until the RBI’s policy decision at 10 a.m. IST. It ended Tuesday at 7.1928%.
This matters because bond prices move with policy expectations. The final RBI decision is still not stated in the available reporting.
What the reporting says
A trader with a primary dealership said the benchmark 6.94% 2036 bond may trade in a 7.18% to 7.20% band until the RBI’s policy decision at 10 a.m. IST, after ending Tuesday at 7.1928%. The reporting gives a short-term yield range rather than a final outcome. The immediate consequence is cautious trading in government bonds while investors wait for the policy announcement.
Why it matters
A primary-dealership trader expects the benchmark 6.94% 2036 bond yield to stay in a 7.18% to 7.20% range before the RBI’s 10 a.m. IST policy decision, after closing Tuesday at 7.1928%. The available reporting only shows positioning, not the outcome. The move is relevant for government-bond traders and broader rate expectations.