Bond losses seen as RBI's rate setters move toward a hawkish stance

India’s bond yields will rise by year-end as disagreement among central bank’s rate-setting panel members indicates they are moving toward a more hawkish stance, a Bloomberg survey has found.

The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%, according to the median estimate in the survey of 15 traders, fund managers and economists conducted this week. The 10-year yield closed at 6.23% on Thursday, and the five-year at 5.74%.

Bearishness toward the country’s sovereign debt increased after one of the six Reserve Bank of India monetary policy panel members voted against