Moneycontrol
Last Updated : Mar 13, 2018 10:41 AM IST | Source: CNBC-TV18

Fair price for 10-year bond is close to 7.5%, says Ananth Narayan

In an interview to CNBC-TV18, Ananth Narayan, Market Expert shared his readings and outlook on the bond market.

CNBC TV18 @moneycontrolcom

In an interview to CNBC-TV18, Ananth Narayan, Market Expert shared his readings and outlook on the bond market.

Narayan said that the fair price for 10-year bond is close to 7.5 percent or maybe on south of that.

“The reality is a couple of things. One is yesterday the market was expecting a softer print to come through given vegetable prices had noticeably come down even before the official data came out. So there was a fair amount of factoring of a soft CPI number coming through. Second is the elephant that is not in the room is public sector banks not participating in the bond markets. They have been consistent seller since the beginning of this year,” said Narayan.

For entire interview, watch accompanying video.
First Published on Mar 13, 2018 10:21 am
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