All eyes on RBI MPC outcome, bond investors look for cues. What should investors do?

Fixed-income investors are keenly awaiting the RBI's MPC meeting, anticipating a rate cut and a shift to an accommodative stance. Bond yields have declined due to global risk-off sentiment and the RBI's liquidity management. PGIM India MF suggests investors allocate to short-term and corporate bond funds, expecting the 10-year bond yield to trade between 6.25% and 6.50%.