10-year yield seen between 7.84-7.89%: Mohan Shenoi

The likelihood of an upward revision of advanced GDP estimates and rising crude prices are expected to fuel bearish sentiments in the bond market, says Mohan Shenoi, Kotak Mahindra Bank.

February 11, 2013 / 08:49 IST

Mohan Shenoi, Kotak Mahindra Bank said, "The likelihood of an upward revision of advanced GDP estimates and rising crude prices are expected to fuel bearish sentiments in the bond market. This may be partially negated by the IIP and inflation data expected later this week, expectations of an OMO (open market operation) and likely cancellation of the auction on the 22nd of February. The range for the 10-year yield is seen between 7.84-7.89%."

first published: Feb 11, 2013 08:49 am

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