India’s 10Y bond yield falls 23 bps in April, more room to ease in May: Bank of Baroda

Indian bond markets may extend their rally in May 2025, with 10-year yields expected between 6.30%-6.35%.

RBI's dovish stance and lower inflation support lower yields.

Surplus liquidity boosts bond market optimism.

FPI inflows and global uncertainty may drive further yield declines.