Expect bond markets to trade in range: Sandeep Bagla

Sandeep Bagla, ICICI Securities said that, "Bond markets are expected to trade in a range. While the increase in FII limits for G-Secs is positive in the medium-term, there is little impact likely in the short-term as the existing limits have not been fully utilised. Expectations of an OMO purchase announcement today by RBI will support bonds. The range for the new 10-yr yield is seen between 8.08-8.12%."