Indian 10 Year GSEC yields
16 Jun 2021 ● 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.