HomeNewsBusinessMarkets10-year yield seen between 8.50-8.65%: Ajay Manglunia

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
Story continues below Advertisement

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

Discover 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!