10-year yield likely to trade around 7.85%: Manish Wadhawan

Bonds are likely to stabilise and consolidate for a few days before they could rally ahead of RBI's credit policy next week, says Manish Wadhawan, HSBC.

January 21, 2013 / 08:47 IST

Manish Wadhawan, HSBC said, "Bonds are likely to stabilise and consolidate for a few days before they could rally ahead of RBI's credit policy next week. In the absence of any auction, OMOs (open market operations), the market will take cue from oil prices. The 10-year yield is likely to trade around 7.85% today."

first published: Jan 21, 2013 08:43 am

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