Oct 17, 2016 08:53 AM IST IST | Source: CNBC-TV18

Gilts to trade stable within narrow range: Edelweiss

The 10-year benchmark yield is likely to trade in a range of 6.73-6.78 percent today, says Ajay Manglunia of Edelweiss.

Ajay Manglunia of Edelweiss said, "Global market trajectory might be the key driver of domestic bond yields in the near term as the focus shifts from a strong onshore macro to volatility concerns on the offshore front."

"However, gilts are expected to trade stable within a narrow range in the absence of significant triggers. The 10-year benchmark yield is likely to trade in a range of 6.73-6.78 percent today," he added.
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