The 10-year yield ended at 6.9919%, its lowest since June 7, 2023, following its previous close of 7.0351%.
Long-term rates remained stable with a dovish bias as growth is a constant worry. However, short-term debt instruments’ yields have risen sharply during this period.
The 10-Year benchmark is likely to trade with a neutral to slightly positive bias in a narrow range of 6.86-6.90 percent today, says Ajay Manglunia of Edelweiss.
The 10-year yield is likely to stay in range of 7.41-7.51 percent this week, says Bansi Madhavani of India Ratings.
For the week, 10-year yield is likely to stay in 7.46-7.55 percent range, says Bansi Madhavani of India Ratings .
The 10-year yield could soften by 2-4 bps in the opening session while rupee is likely to stay in range of 66.15-66.85/dollar, says Bansi Madhavani of India Ratings.
Gambhir says the RBI decisions in the credit policy will also be based on the liquidity situation. Gambhir expects at least two open market operations (OMOs) by the RBI by December
The rally in bonds continues with the benchmark 10-year yield expected to trade in the 7.50-7.60 percent range in the near term, says Ashutosh Raina of HDFC Bank.
In the near-term, expect 10-year yield to trade between 7.65-75 percent, says Dhawal Dalal of DSP BlackRock.
Vijay Santhanam, MD - Head of Risk Solutions Group, Barclays, expects the currency to continue to stay ranged probably with a depreciating bias. Yields on the 10-year too may fall slightly.
The market is expected to trade cautiously on account of the US FOMC decision. The 10-year yield is likely to trade between 7.95-8.02 percent, says NS Venkatesh of IDBI Bank.
Sonal Varma believes indicators like cement, auto demand are showing positive signs of growth.
We expect the benchmark 10-year yield to trade between 8.75-8.85 percent in the near-term, says Dhawal Dalal of DSP Blackrock.
The range for the 10-year yield is seen between 8.65 to 8.80 percent today, says Ajay Manglunia of Edelweiss Securities.
The range for the 10-year yield is seen at 8.65-8.70 percent. Ahead of ECB rate setting meeting and US non farm payroll data the dollar-rupee is expected to stay in a tight range of 62.30-62.70/dollar, says Mohan Shenoi of Kotak Mahindra Bank.
We expect October IIP to contract by 1.6 percent and CPI to remain unchanged at 10%. Range for the 10-year yield is seen between 8.79-8.84 percent, says Mohan Shenoi of Kotak Mahindra Bank.
Manish Wadhawan, MD & HD -Interest Rates, HSBC sees the 10-year yields would hover between 8.50-8.75 percent for time to come till normalisation of rates happens.
Ken Goldstein, economist, The Conference Board said he would be surprised if Fed did not announce tapering programme before Bernanke leaves office and new chief takes over.
The range for the 10-year yield is seen between 7.50-7.60 percent. The uptick in CPI inflation combined with the concern of a similar trend in WPI inflation to be released later today is expected to result in a weak session for gilts, says Ajay Manglunia, Edelweiss.
2.5 percent is a better reflex where the 10-year should be. This is the level where the buyers are going to come into the market, the insurance companies and other institutions that need bonds where they are comfortable buying the 10-year currently.
The breakdown in the 10-year yield is an important sell signal for those who are invested in riskier assets, says Richard Ross, global technical analyst at Auerbach Grayson.
Yield on 10-year benchmark government securities is likely to range-bound with a possibility of softening in the near-term on the back of rate cut expectations, experts say.
The bond market will watch out for the borrowing calender for the next fiscal amidst tight liquidity conditions, says Suresh Prabhu, Money Market Analyst.
Lack of OMO announcement could result in profit-booking in bonds, says Ramanathan K, ING Invst Management.
The 10-year yield is seen between 8.25 - 8.35%, says Moses Harding, IndusInd Bank.