What should fixed income investors do in short and medium term?
“Since the OMO was not anticipated, in the near term, the bond markets can continue to remain a bit nervous. In the near short term, 10-year G-Sec will probably be at 7.25-7.45% levels and on a medium term, once we start seeing these flows coming back, next year, probably 24, once the Fed starts to pause and not hike incrementally, rates will start going lower.”
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