10-year yield seen between 8.30-8.40%: Sandeep Bagla

Due to heavy supply in primary auctions this week, the 10-year bond could see selling pressure at higher levels, says Sandeep Bagla, ICICI Securities.

August 27, 2013 / 09:02 IST

Sandeep Bagla, ICICI Securities said, "Announcement of OMOs (open market operations) of long bonds by RBI could lead to a mild rally in select bonds. Due to heavy supply in primary auctions this week, the 10-year bond could see selling pressure at higher levels. The intraday sentiment in bonds will be guided by the movement in the rupee. The range for the 10-year yield is seen between 8.30-8.40 percent."

first published: Aug 27, 2013 09:02 am

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