10-year yield seen between 8.07-8.12%: Sandeep Bagla

Bonds have appreciated over the week as traders are building positions for the new calendar year, says Sandeep Bagla, ICICI Securities Primary Dealership.

December 28, 2012 / 08:44 IST

Sandeep Bagla, ICICI Securities Primary Dealership said, "Bonds have appreciated over the week as traders are building positions for the new calendar year. OMO (open market operation) purchases by RBI have offset the supply in primary markets. While the momentum is strong, bonds could take a breather in absence of any major cues. The range for the 10-year yield is seen between 8.07-8.12%."

first published: Dec 28, 2012 08:41 am

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