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Jul 12, 2012, 08.23 AM IST

10-yr yield seen between 8.16-8.21% range: Mohan Shenoi

Tepid response to FII debt auction by SEBI, rising Brent crude prices, lack of OMOs and supply pressure will make the undertone in bond market bearish, says Mohan Shenoi, Kotak Mahindra Bank.

Mohan Shenoi, Treasurer ,Kotak Mahindra Bank

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Mohan Shenoi, Kotak Mahindra Bank said, "Tepid response to FII debt auction by SEBI, rising Brent crude prices, lack of OMOs and supply pressure will make the undertone in bond market bearish. Unwinding of positions taken to front run the FII debt auction will also contribute to the bearishness. The range for the 10-yr yield is seen between 8.16-8.21%."

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