SBI Fund Sees India Bond Yield Above 7 Percent
SBI Mutual Fund expects India's 10-year bond yield to remain above 7 percent due to inflation pressures from the Middle East conflict and hawkish central banks. The asset manager plans to avoid long-term bonds amid heavy government borrowing.
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SBI Mutual Fund expects India's 10-year bond yield to climb past 7% in the near term. The central bank has turned hawkish due to inflation driven by the Middle East conflict. Fiscal vulnerabilities and shifting interest-rate expectations are keeping long-term debt under pressure.
