Outlook for bonds remains bullish going forward: Gautam

The range for the 10-year yield is seen between 8.63 - 8.70 percent, says Ashok Gautam, Axis Bank.

February 05, 2014 / 09:18 IST

Ashok Gautam, Axis Bank said, "The 10-year benchmark has moved from 8.82 percent last week to 8.68 percent levels shrugging off the RBI rate hike and EM sell-off. Outlook for bonds remains bullish going forward. Markets are showing healthy appetite before the last auction of the year for Rs 10,000 cr as against Rs 15,000 cr usually. The range for the 10-year yield is seen between 8.63 - 8.70 percent."

first published: Feb 5, 2014 09:18 am

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