Manish wadhawan of HSBC India says he sees an adequate demand on the bond yields at current levels.
The spike to a four-year peak above 3 percent in the 10-year US Treasury yield this week - a benchmark for global borrowing costs - had weighed on stocks.
JPMorgan's Jahangir Aziz said the US bond prices will reach a more stable equilibrium in the economy's bond market.
The 3% spike in the US 10-year treasury yields, after four years, is causing an uptick in the Indian bond market as well.
India’s 10-year bonds slumped as yield closed at 7.74% on Wednesday, after jumping as much as 61 basis points since April 5, 2018.