Bond markets going through consolidation phase: Bagla

The range for the new 10-year yield is seen at 7.12-7.18 percent. FIIs who had been buyers at higher yield levels are now holding back their purchases, says Sandeep Bagla, ICICI Securities Primary Dealership.

May 30, 2013 / 09:06 IST

Sandeep Bagla, ICICI Securities Primary Dealership said, "Bond markets are going through a consolidation phase. A weak rupee is raising the fear of higher imported inflation and a wider current account deficit. FIIs who had been buyers at higher yield levels are now holding back their purchases. The range for the new 10-year yield is seen at 7.12-7.18 percent."

first published: May 30, 2013 09:06 am

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