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10-yr yield seen between 7.90-8%: RK Gurumurthy

Published on Thu, Mar 18, 2010 at 08:00 |  Source : Moneycontrol.com

Updated at Thu, Mar 18, 2010 at 08:04  

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RK Gurumurthy, ING Vysya Bank said that, "Bonds will take cue from FOMC's reiteration of keeping lower rates for an extended period. The fear of negative liquidity in the system appears overstated due to tax flows. As a result traders will find value buying in bonds. The auction calendar is the next major event to look forward to. The range for the 10-yr yield is seen between 7.90-8%."

  

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