I expect the 10-year yield to trade between 8.19-8.21% today, says RVS Sridhar, Axis Bank.
The 10-year yield is seen between 8.25-8.30%, says RVS Sridhar, Axis Bank.
Liquidity in the bond market is expected to be thin ahead of the announcement of the cut-off for the 10-year benchmark in the auction tomorrow. The 11-year yield is seen between 8.05 - 8.07%, says RVS Sridhar, Axis Bank.
RVS Sridhar, senior VP Treasury of Axis Bank, in an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, spoke about the rupee movements off late and his strategy for the day.
I expect thin trading in the bond market on the last day of FY11. The market would watch out for details of new auction between April 5 and April 10. The 11-year yield is seen between 8.06- 8.10%, says RVS Sridhar, Axis Bank.
The bond market is likely to trade in a narrow range ahead of the auction calendar that would be announced tomorrow. The 11-year yield is seen between 8.10- 8.12%, says RVS Sridhar, Axis Bank.
In an interview with CNBC-TV18, RVS Sridhar, Senior VP-Treasury, Axis Bank, speaks about the rupee and gives his outlook going forward.
The Indian rupee erased early gains against the U.S. dollar falling to 45.23 in the late afternoon trade. This is even after the Union Budget 2011 laid down some significant measures inviting more overseas funds. It touched an intraday high of Rs 45.17 on bullish sentiment, prompted by Budget proposals.
The bond market may be under pressure on account of rising crude prices and geo-political tension. Market participants hope to see lower than expected fiscal deficit and net borrowings. The 10-year yield is seen between 8-8.10%, says RVS Sridhar, Axis Bank.
We expect the bond market to trade in a lackluster manner. Markets are concerned about higher borrowings in the budget. The benchmark 10-year paper will trade in a range of 8.10%-8.13% but on thin volumes, says
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Bond markets saw a minor rally yesterday. The market, however, continues to worry about the negatives, which include the borrowing program about to be announced in the upcoming budget, as well as the high inflation number. Range for the day is at 8.15-8.20%, says RVS Sridhar, Axis Bank.
Markets have remained dull and we expect them to continue to remain dull. However, the LAF numbers released yesterday have shown some improvement in the liquidity situation overall which could bring in some buying interest. The 10-year bond is likely to trade around 8.15%, says RVS Sridhar, Axis Bank.
The bond market is watching out for RBI's monetary policy next week. The street is concerned about RBI's stance on inflation and interest rates. The tight liquidity situation is also a worry. The 10-year yield is seen between 8.15- 8.20%, says RVS Sridhar, Axis Bank.
The bond market may remain steady today with investors drawing comfort from the improvement in the liquidity situation, says RVS Sridhar, Axis Bank.
The bonds are likely to be stable today. The improved liquidity condition is a positive cue for the bond market. The 10-year yield is seen between 8.05-8.07%, says RVS Sridhar, Axis Bank.