Axis Bank on Bond yields rise
Ashok Gautam, Senior VP at Axis Bank, says the bond market has shown some good rally with it going past 9 per cent. He expects the 10-year government bond yields to be in the range of 8.65 to 8.80 per cent. Bond yields have been under intense upward pressure since late September after the Government announced that it would borrow Rs 2,20,000 crore in October-March against a budgeted Rs 1,67,000 crore.
