10-year yield to trade in range 6.71-6.77%: Ajay Manglunia

The prospects of a December Fed rate hike are still very much alive which can dampen the euphoria following last week's unanimous rate cut, says Ajay Manglunia, Edelweiss.

October 10, 2016 / 09:08 IST

Ajay Manglunia, Edelweiss said, "US treasury yields rose in response to a jobs report that is devoid of any surprises and this is expected to reflect in domestic yields too. The prospects of a December Fed rate hike are still very much alive which can dampen the euphoria following last week's unanimous rate cut. However, the quantum of slippage is expected to be limited as gilts have already given up part of the post policy gains and the 10-year benchmark is likely to trade in a range of 6.71-6.77 percent today."

first published: Oct 10, 2016 09:08 am

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