Oct 30, 2017 08:53 AM IST | Source: CNBC-TV18
10-year benchmark to trade in 6.79-6.84% range: Ajay Manglunia
The announcement of yet another OMO sale is also expected to add to the supply overhang, says Ajay Manglunia of Edelweiss.
Ajay Manglunia of Edelweiss said, "The bond market has been relatively stable post the announcement of the bank recapitalisation plan, but the negative bias persists. The announcement of yet another OMO sale is also expected to add to the supply overhang."
"However, significant slippage is unlikely as buying support can emerge at higher yields. The 10-year benchmark is likely to trade in a range of 6.79-6.84 percent today,” he added.
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