Bond yields are anticipated to remain under pressure in 2026 due to heavy state government security supply and the conclusion of the rate-cut cycle, with the benchmark 10-year yield expected to trade between 6.50-6.75 per cent and potentially rise further. The rupee, after a weak performance in 2025, is projected to see a modest near-term appreciating bias supported by seasonal current account improvements and FDI, but may end 2026 with a slight depreciation.