Jun 07, 2012, 08.49 AM IST | Source: CNBC-TV18

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, 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%."

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