Oct 16, 2017 08:18 AM IST | Source: CNBC-TV18
10-year bond yield to trade between 6.72-6.76%: Ajay Manglunia
The gains were capped as concerns over the fiscal situation and bond supply still persist, says Ajay Manglunia of Edelweiss.
Ajay Manglunia of Edelweiss said, "Although the bond markets reacted positively to the lower inflation data, the gains were capped as concerns over the fiscal situation and bond supply still persist. Yet another OMO sale was announced on Friday and so further gains are unlikely."
He further added, "The subdued sentiment might lead to a resumption of the negative bias but the 10-year benchmark bond yield is likely to trade in a narrow range of 6.72-6.76 percent today."
