Indian government bond yields remained mostly unchanged as traders refrained from making big moves. Market players anticipate no significant changes and predict the benchmark bond to linger around 7.25%. The market also expects RBI to maintain its stand on the repo rate at 6.50%. The trading volume in general decreased as key names in the industry have slowed down on their buying activities. Additionally, state-run banks may wait for bond prices to fall before creating new positions. The forecast for supply is at INR330bn ($4bn) through bond sales.
