Ajay Manglunia of Edelweiss Securities said that, “The weaker than forecast US payroll data might keep further tapering concerns at bay and hence domestic yields can improve from current levels. While absence of fresh supply will keep the overall sentiment positive, the upcoming inflation data release can induce caution.”
“The range for the 10-year yield is seen between 8.65 to 8.80 percent today,” he added.
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