10-year yield to trade between 7.35-7.40%: Edelweiss

The 10-year benchmark yield is likely to trade in a range of 7.35-7.40 percent today, says Ajay Manglunia of Edelweiss.

July 11, 2016 / 08:44 IST

Ajay Manglunia of Edelweiss said, "The low global yield situation is expected to lend continued support to domestic bonds as even a strong US jobs data release could not prevent a further drop in US treasury yields on Friday.""Gains in gilts might be limited at the start of this week as the markets will adopt a cautious stance ahead of the CPI inflation data release on Tuesday.""The 10-year benchmark yield is likely to trade in a range of 7.35-7.40 percent today," he added.

first published: Jul 11, 2016 08:44 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347