HomeNewsBusinessMarkets10-year yield likely to trade around 7.85%: Manish Wadhawan

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
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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

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