”Kotak





Debt Market Outlook


AS ON 30th November 2022

 

”Graphical

Yields have been moving lower over the course of the month as market builds a consensus around terminal policy rates and the nearing of the end of global rate-hiking cycle. As inflation fears recede globally and concerns over slowdown/recession takes centre-stage, market participants are increasingly assigning a probability of rate cut sometime in the next year. This has led to the pressure on yields cooling off and going forward we expect the positive bias to continue.


”Performance