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Jun 07, 2012, 08.49 AM IST

New 10-year bond to be auctioned tomorrow: Mohan Shenoi

The rebound in crude prices & rally in global markets may prompt profit booking in bonds, says Mohan Shenoi, Kotak Mahindra Bank.

Mohan Shenoi, Treasurer ,Kotak Mahindra Bank

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Mohan Shenoi, Kotak Mahindra Bank said, "The rebound in crude prices and rally in global markets may prompt profit booking in bonds. However, expectation of a rate cut and absence of auction next week may support prices.The new 10-year bond will be auctioned tomorrow. The benchmark yield is seen between 8.35-8.39%."
Tags: Mohan Shenoi, Kotak Mahindra Bank, bonds, auction
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