K Harihar, treasurer at FirstRand Bank, said the US-China trade war will lead to slowdown in global trade. The market is expecting Chinese yuan to fall leading to disparity with other currencies. He said the falling crude and yield had a direct impact on bond market. He expects the RBI to cut rates by 25 basis points next week, and added that the movement in bond market indicates another 25 bps cut in October. He expects the bond yield to be around the 6 per cent mark in the near-term.