10-year bond yield to trade between 6.93-6.98%: Mohan Shenoi

We expect the 10-year benchmark bond yield to trade in a range of 6.93- 6.98 percent for the day, says Mohan Shenoi of Kotak Mahindra Bank.

April 27, 2017 / 08:09 IST

Mohan Shenoi of Kotak Mahindra Bank said, "Expectation of the auction of new 10-year bond has reduced demand for the current 10-year benchmark resulting in spread compression."

"We expect the 10-year benchmark bond yield to trade in a range of 6.93- 6.98 percent for the day," he added.

first published: Apr 27, 2017 08:09 am

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