RBI cancelling T-Bills auction and taking much lesser amount in OMO auction has helped in keeping yields down, which is currently a little less than 8%. If there are no measures coming from the central bank until policy, then yields may drift further down, says Neeraj Gambhir, Managing Director & Co-Head, Fixed Income India, Nomura India.
Nitin Jain, managing director and company-head, fixed income of Nomura India says the market will not be in a position to have a clear view at this point of time as the trajectory of the yields is uncertain.