10-year bond yield to trade between 6.75-7%: Dhawal Dalal

Dhawal Dalal of Edelweiss said, “Bond market sentiment has improved dramatically after RBI’s cancellation of OMO sale. The 10-year benchmark bond yield has declined by around 16 bps to 6.90 percent.”

“Market participants are debating the next course of yield movement amid focus on macro-economic parameters, demand-supply dynamic and prospective introduction of the new 10-year government bond.”

“The fair value of the 10-year benchmark bond yield is between 6.75-7 percent in our opinion,” he added.