Ten-year bond yields likely to range between 7.20-7.40%, says Edelweiss AMC

The bond yields saw a sharp surge and spiked 20 basis points and were hovering around 7.33%.

Dhawal Dalal, CIO-Fixed Income, Edelweiss AMC said all bond market participants are perplexed with this uptick.

“One should note that the decline from 7.80% peak level in early March to 7.15% was also equally sharp,” he said.