Published on Fri, Jul 03, 2009 at 09:04 | Source : CNBC-TV18
Updated at Fri, Jul 03, 2009 at 09:05
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10-year yield seen between 6.85-6.90%: HDFC Bank
According to Suresh Prabhu, HDFC Bank, the 10-year yield may continue to remain in a range after slipping yesterday on expectation of moderate additional borrowing. Low inflation rate and comfortable liquidity are however positive triggers. The 10-year yield is seen between 6.85-6.90% today.
On Thursday, the widely traded 6.07%, 2014 paper closed higher at Rs 98.94 as against its previous close of Rs 98.50.
According to Suresh Prabhu, HDFC Bank, the 10-year yield may continue to remain in a range after slipping yesterday on expectation of moderate additional borrowing. Low inflation rate and comfortable liquidity are however positive triggers. The 10-year yield is seen between 6.85-6.90% today.
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