From rate cuts to fiscal glide path: how macroeconomic forces have reshaped India’s yield curve in 2025

India’s 2025 yield curve has emerged as one of the clearest mirrors of the country’s evolving macroeconomic confidence. Rather than reacting mechanically to rate cuts, bond markets have adjusted prices across maturities in ways that reflect short-term stability, medium-term policy credibility, and constructive long-term growth prospects. The result is a yield curve that is neither […]