Bond market to trade on cautious note: Ajay Manglunia

The bond market is likely to trade on a cautious note. The range for the 10-year yield is seen between 7.57-7.63 percent, says Ajay Manglunia, Edelweiss.

May 13, 2013 / 08:56 IST

Ajay Manglunia, Edelweiss said, "The bond market is likely to trade on a cautious note after last week's euphoric rally and ahead of inflation data. There could be some profit-booking. The range for the 10-year yield is seen between 7.57-7.63 percent."

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