Friday, February 10, 2017
Is the Bull Market in Bonds Over?
Alok Agarwala - Senior VP and Head - Investment Analytics
The Reserve Bank of India, in its 6th bi-monthly policy review (2016-17)on Feb 08-2017, held policy rates unchanged, contrary to market expectations of a 25 bps rate cut. What spooked bond markets was, however, the change in monetary policy stance from “Accommodative” to “Neutral”.