RBI has kept the repo rate unchanged for the ninth month in a row. And our inflation data seems to be weird. Headline inflation has been volatile. It increased to 5.1% in June after remaining steady at 4.8% during April and May. Food inflation has been sticky and rising, but core inflation is at its historic lows. India’s 10-year bond yield hit a 28-month low.

In short, weird events have happened since the pandemic ended and there has been no shortage of drama in the Indian bond market in the last 2-3 years.

To make sense of these events I spoke to Sandeep Yadav and Suyash Choudhary, Heads of Fixed Income Investments at DSP Mutual Fund and Bandhan AMC, respectively.

In his two decades of experience, Suyash has managed large fixed-income portfolios in places like Deutsche, HSBC and now Bandhan AMC. Suyash is probably one of the best debt fund managers in India and his long track record speaks for itself.      

Sandeep has 18 years of experience in the financial industry. He is a seasoned fund manager with deep expertise across credit analysis, portfolio management, and strategic asset allocation.

In this conversation, they share their views on:

- How the road ahead for inflation looks like

- How the participation of mutual funds, pension funds and the growing retail investors are changing the bond market

- Why RBI has been keeping the repo rate unchanged

- How geopolitical scenarios are impacting the global economy and how that affects India

- What are some of the good investing opportunities in the bond market for you right now

- And the big-picture view of where our economy is headed. 

You can also watch this episode on YouTube here.