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    HomeNewsBusinessMarkets10-year yield seen between 8.5-8.6% range: Ajay Manglunia

    10-year yield seen between 8.5-8.6% range: Ajay Manglunia

    The resolution of the US budget impasse and drop in US treasury yields to below 2.6 percent are expected to lend a positive bias to India gilt yields, says Ajay Manglunia, Edelweiss.

    October 21, 2013 / 08:41 IST

    Ajay Manglunia, Edelweiss said, "Gilts have made a reasonable comeback following the disappointing inflation numbers and are likely to trade in a range till next week's credit policy."

    "The resolution of the US budget impasse and drop in US treasury yields to below 2.6 percent are expected to lend a positive bias to India gilt yields. The range for the 10-year yield is seen between 8.5-8.6 percent today," he added.

    first published: Oct 21, 2013 08:41 am

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