10-year yield seen between 7.40-7.45%: Sandeep Bagla

The market will closely watch out for the auction of a new 10-year bond auction on Friday. Markets could consolidate around current levels in absence of fresh cues, says Sandeep Bagla, ICICI Securities Primary Dealership.

May 16, 2013 / 08:41 IST

Sandeep Bagla, ICICI Securities Primary Dealership said, "Bond markets have witnessed a sharp rally in the last few days. While the undertone is strong, markets could consolidate around current levels in absence of fresh cues. The market will closely watch out for the auction of a new 10-year bond auction on Friday. The range for the 10-year yield is seen between 7.40-7.45 percent."

first published: May 16, 2013 08:41 am

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