|10-Year GSec Yields||– 4 bps|
- Stocks will take one year to stabilize, good time to accumulate
- INR will stabilize at higher levels but direction will come from global issues of trade wars, central bank policies and geo politics.
- Bond yields will trend down on rate cut expectations and on RBI OMO bond purchases but the yield curve will steepen on supply hitting markets.
- Credit spreads will stay wide until credit issues are sorted out, which will take at least one quarter.