 "RBI, bonds, OMO")
The bond market is getting ready for another year of below 6 per cent yields on 10-year instruments after the Reserve Bank of India (RBI) gave signals about its displeasure of higher rates.
The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold.
On Monday, the central bank said it would buy bonds worth Rs 20,000 crore from the secondary markets on Wednesday.
Such open market operations (OMO) are now expected to be a common theme for the remainder of this fiscal
