10 YEARS GSEC MADE A NEW LIFETIME LOW @5:88% AFTER MANY YEARS...

As written Earlier so many times....... Finally the 10 years GSec yields have gone to @5:879......
As Predicted earlier the 10 years GSec yields should go to 5:50% and it can also go to 5:25% or even lower than it.....

And these will be first step towards the Biggest Bull Market Rally EVER which will come in the future preceding years.....

IT is my personal opinion and view only and not a recommendation to buy or sell and I reserved to be proved otherwise also.....
I am not a certified financial advisor......
Please consult your Financial Advisor before Investing......

RBI rate cut: Government bond yields fall 15 bps

1 min read . Updated: 22 May 2020, 10:33 AM ISTRavindra N. Sonavane

• RBI Governor Shaktikanta Das, in a live-streamed address, announced the cut in benchmark repurchase rate by 40 basis points to 4%
• The reverse repurchase rate was reduced to 3.35% from 3.75%

MUMBAI: Yield on the 10-year government bond fell 15 basis points on Friday after the Reserve Bank of India cut repo rate by 40 basis points in an unscheduled meeting.

The yield on the 6.45%, 2029 bond declined to 5.88% from its previous close of 6.033%.

RBI Governor Shaktikanta Das, in a live-streamed address, announced the cut in benchmark repurchase rate by 40 basis points to 4%. The reverse repurchase rate was reduced to 3.35% from 3.75%.

The decision was reached after a 5:1 vote at the Monetary Policy Committee meet.

The decision to cut key interest rates comes after the central bank's previous attempt to make banks increase lending to consumers, non-banking finance companies and mutual funds have failed to make an impact.

Inflation outlook is highly uncertain, the MPC felt, according to Das. Headline inflation could ease later and by Q3 and Q4 could fall below 4%, its target set earlier. Supply shock to food prices may linger, the MPC felt and called for re-appraisal of import duties.

GDP growth in FY21 is expected to remain in negative territory, Das said.