10-year yield seen between 7.90-7.92%: Ajay Manglunia

Steady paper supply through auctions and low probability of an OMO is putting pressure on the bond market, says Ajay Manglunia, Head Fixed Income, Edelweiss.

February 05, 2013 / 08:46 IST

Ajay Manglunia, Head Fixed Income, Edelweiss said, "Steady paper supply through auctions and low probability of an OMO (open market operation) is putting pressure on the bond market. However, the slide is likely to be curbed today as current levels are attractive and the much anticipated value buying can kick in. The range for the 10-year yield is seen between 7.90-7.92%."

first published: Feb 5, 2013 08:46 am

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