11-yr yield seen between 8.05-8.15%: Dalal

Govt bond prices are likely to consolidate at these levels in the near-term. However, they may give up some of their gains if the RBI hiked rates by more than 25 bps on March 17, says Dhawal Dalal, DSP BlackRock Invst Managers.

March 11, 2011 / 08:05 IST

Dhawal Dalal, DSP BlackRock Invst Managers said that, "Govt bond prices are likely to consolidate at these levels in the near-term. However, they may give up some of their gains if the RBI hiked rates by more than 25 bps on March 17. The market will take further cues from the auction calendar as well as developments on the geopolitical front. The range for the 11-yr yield is seen between 8.05-8.15% in the near-term."

first published: Mar 11, 2011 08:04 am

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