Compared to global bond yields, Indian yields have not gone up much: B Prasanna
“This calendar year US yields would have probably gone up by as much as 300 bps but Indian 10-year yield has gone up by around 100 bps. To some extent, this is because of the fact that the Reserve Bank has actually raised 190 bps of repo rate but it is also combined with the fact that Indian insurance companies and provident funds and the banking system have been picking up such long duration bonds.”
