Published on Tue, Jul 07, 2009 at 09:02 | Source : CNBC-TV18
Updated at Fri, Jul 17, 2009 at 10:00
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5-year yield seen between 6.50-6.60%: ICICI Sec
According to B Prasanna, ICICI Sec Primary Dealership, the bond yields may move up 10 bps from yesterday's level due to the higher than expected borrowing programme announced in the Budget and the Rs 15,000 crore auction by RBI. The 5-year yield is seen between 6.50-6.60% today.
On Monday, the widely traded 6.07%, 2014 paper closed lower at Rs 98.43 as against its previous close of Rs 99.33.
According to B Prasanna, ICICI Sec Primary Dealership, the bond yields may move up 10 bps from yesterday's level due to the higher than expected borrowing programme announced in the Budget and the Rs 15,000 crore auction by RBI. The 5-year yield is seen between 6.50-6.60% today.
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