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Jun 21, 2012, 08.34 AM IST
The Federal Reserve move to restrict monetary stimulus to the Operation Twist amount and not include QE has eased commodity prices and resulted in sharp fall in Brent Crude, which is positive for bonds, says Mohan Shenoi, Kotak Mahindra Bank.
Mohan Shenoi, Kotak Mahindra Bank said, "The Federal Reserve move to restrict monetary stimulus to the Operation Twist amount and not include QE has eased commodity prices and resulted in sharp fall in Brent Crude, which is positive for bonds. Liquidity deficit of Rs 1,25,000 cr has raised hopes of continuation of OMO by RBI. The range for the 10-yr yield is seen between 8.05-8.10%."
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