Aditya Birla Sun Life AMC turns bullish on long-duration bonds, expecting at least one more RBI rate cut soon.

• 10, 30, and 40-year government bonds are seen as attractive; fund shifts overweight on duration for better yields ahead.
• State and short-term corporate bonds are also favored; AAA corporate bonds offer 80 bps spread over government yields.
• RBI may cut rates by 25 bps or more; inflation easing, strong monsoon support monetary policy easing outlook.