Expect bond markets to trade on cautious note: Ajay Manglunia

The 10-year benchmark yield is likely to trade in a range of 7.09-7.15 percent today, says Ajay Manglunia, Edelweiss.

August 22, 2016 / 08:55 IST

Ajay Manglunia, Edelweiss said, "The bond markets are expected to trade on a cautious note with the recent global and domestic developments. Position building momentum might be limited and gilts might enter a consolidation phase awaiting the next set of key triggers and signals."He further added, "The 10-year benchmark yield is likely to trade in a range of 7.09-7.15 percent today."

first published: Aug 22, 2016 08:54 am

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