Dhawal Dalal of DSP BlackRock says government bond prices are likely to remain rangebound in near term as market participants turn their focus on key events next month including RBI monetary policy, FOMC meeting as well as British referendum.
He feels sentiment is a bit cautious at the moment amid recent uptrend in crude oil prices and food prices and tight banking system liquidity.
Dalal expects the 10-year benchmark yield to trade between 7.45-7.50 percent in the near term.
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