10-year bond likely to move in band of 8.10-8.15%: Prabhu

Amidst steady supply of sovereign bonds and liquidity support via OMO buy backs the yields are likely to move in a narrow range, says Suresh Prabhu, Money Market Analyst.

December 24, 2012 / 08:41 IST

Suresh Prabhu, Money Market Analyst said, "Amidst steady supply of sovereign bonds and liquidity support via OMO (open market operation) buy backs the yields are likely to move in a narrow range. Market will await the announcement of additional borrowing. Yields on benchmark 10-year bond is likely to move in the band of 8.10% and 8.15%."

first published: Dec 24, 2012 08:37 am

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