New 10-year yield seen between 7.21-7.27: Ajay Manglunia

The quantum of correction may be limited as the slippage has been considerable over the last 2 sessions, says Ajay Manglunia, Edelweiss.

June 03, 2013 / 08:50 IST

Ajay Manglunia of Edelweiss says the sudden turn of sentiment last week on RBI governor's hawkish statements is expected to take gilts further lower.

However, the quantum of correction may be limited as the slippage has been considerable over the last 2 sessions, he adds.

According to Manglunia, the range for the new 10-year yield is seen between 7.21-7.27 percent.

first published: Jun 3, 2013 08:50 am

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