Bond market rally likely to gain pace today: Sandeep Bagla

The bond market rally is likely to gain pace today. Government has deferred a bond auction this week citing good cash balance currently, says Sandeep Bagla, ICICI Securities.

January 01, 2013 / 09:06 IST

Sandeep Bagla, ICICI Securities said, "The bond market rally is likely to gain pace today. Government has deferred a bond auction this week citing good cash balance currently. RBI continues with its OMO (open market operation) bond purchases to ease liquidity conditions. The range for the 10-year yield is seen between 7.90-8%."

first published: Jan 1, 2013 08:38 am

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