10-year yield seen between 7.90-8%: Ramanathan K

Markets are likely to remain in a narrow trading range given the upcoming supply of goverment securities and lack of support this week from OMOs, says Ramanathan K, ING Investment Mgmt.

February 06, 2013 / 08:48 IST

Ramanathan K, ING Investment Mgmt said, "Markets are likely to remain in a narrow trading range given the upcoming supply of goverment securities and lack of support this week from OMOs (open market operation). The sharp rise in yields may be capped as the government borrowing program could be over in a few weeks. The range for the 10-year yield is seen between 7.90-8%."

first published: Feb 6, 2013 08:48 am

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