Gilts to trade stable within narrow range: Edelweiss

Ajay Manglunia of Edelweiss said, "Global market trajectory might be the key driver of domestic bond yields in the near term as the focus shifts from a strong onshore macro to volatility concerns on the offshore front.""However, gilts are expected to trade stable within a narrow range in the absence of significant triggers. The 10-year benchmark yield is likely to trade in a range of 6.73-6.78 percent today," he added.