10-year yield seen between 7.91-7.96%: Prabhu

The bond market is likely to remain subdued with a negative bias. There is a possibility of RBI action on interest rates later this month given the high food inflation and oil prices. The 10-year yield is seen between 7.91-7.96%, says Suresh Prabhu, Money Market Analyst.

January 03, 2011 / 08:10 IST

Suresh Prabhu, Money Market Analyst said that, "The bond market is likely to remain subdued with a negative bias. There is a possibility of RBI action on interest rates later this month given the high food inflation and oil prices. The 10-year yield is seen between 7.91-7.96%."

first published: Jan 3, 2011 08:09 am

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