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Indian 10 Year GSEC yields

16 Jun 2021 ‚óŹ 03:32 AM

The Indian 10-year bond yields have been bouncing about in a narrow range for quite a while, and I have been waiting for wave 3 down to start. The most recent decline in yields is still not impulsive [5 waves down], and does not confirm the start of wave 3 down. This can mean that yields bounce up again short term but remain inside this range 6-6.30%. That means that wave 2 is still forming and becoming more complex as it does. It delays wave 3 down in bond yields for now. But wave 3 down is coming in the future. Why? because the decline in yields from 2018-2020 was 5 waves down. 

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