10-year yield seen between 8.50-8.65%: Ajay Manglunia

Gilts are expected to consolidate gains with the OMO purchase scheduled today and on anticipation of more purchases lined up in the coming weeks, says Ajay Manglunia, Edelweiss.

October 07, 2013 / 08:53 IST

Ajay Manglunia, Edelweiss said, "The market has turned incrementally positive over the last week with a stable rupee and easing liquidity metrics. Gilts are expected to consolidate gains with the OMO (open market operation) purchase scheduled today and on anticipation of more purchases lined up in the coming weeks. The range for the 10-year yield is seen between 8.50-8.65 percent today."

first published: Oct 7, 2013 08:53 am

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