Expect bond market to open on positive note: Ajay Manglunia

The range for the 10-year yield is seen between 8.15-8.35 percent, says Ajay Manglunia, Edelweiss. "Last week's RBI measures should keep up the positive sentiment but gilt yields will largely continue to track the rupee, "he adds.

August 26, 2013 / 08:50 IST

Ajay Manglunia, Edelweiss said, "The bond market is expected to open on a positive note on the back of Friday's currency recovery and OMO (open market operation) purchase. Last week's RBI measures should keep up the positive sentiment but gilt yields will largely continue to track the rupee. The range for the 10-year yield is seen between 8.15-8.35 percent."

first published: Aug 26, 2013 08:50 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!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347