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10-year yield may move towards 7.10%: ING Vysya

Published on Wed, Nov 04, 2009 at 09:07 |  Source : CNBC-TV18

Updated at Wed, Nov 04, 2009 at 09:10  

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On Tuesday, the widely traded 6.90%, 2019 paper ended higher at Rs 97.74 as against its previous close of Rs 97.27.

RK Gurumurthy of ING Vysya said that bonds see buying interest as increase in SLR ratio appears to be translating into real demand. The 10-year yield is likely to move towards 7.10%.

  

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