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Pullback Considered Corrective


EGB Supply For W/C Sep 20, 2021: Upcoming

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Bonds finished the day lower on Wednesday, 10-Year yields rose around 1bps to 6.24%. Markets look ahead to what promises to be a busy session. The RBI's will conduct its next INR 250bn GSAP purchase operation today. Bonds eligible for purchase are the 5.63% 2026, 7.17% 2028, 7.26% 2029, 7.61% 2030, 7.95% 2032. The other focus today is the domestic data docket, CPI is expected to have slowed to 5.72% in July from 6.26%, back within the RBI's target band. Industrial production is also due which is expected to have slowed to 14% in June from 29.3% in May. Trade balance data could be released as soon as today.