In an interview to CNBC-TV18, Brijen Puri, JP Morgan and Rajeev Mahrotri, IndusInd Bank speak about the bond market and give their outlook going forward.
Also read: See bond yields near 8.5% for three-four months, says PN Vijay Below is the edited transcript of the interview on CNBC-TV18. Also watch the accompanying videos. Q: What is likely to be the upshot after the auction, 8.76% even 8.78% was touched? Do you think the auction even takes it even higher? Mahrotri: In the medium-term, yields can head up to 8.9%. I think that there would be SLR buying at these levels and a little beyond. But given the established uptrend in yields, you probably will not see the trader buying come in, until there is some sort of a reversal in those yields. Q: TodayDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
