The yield on the 10-year benchmark note was at 6.5483% as of 10:00 a.m. IST on Tuesday, after ending at 6.5547% in the previous session. "We do not think there should be any selling pressure today, and bonds will remain steady, with closing for the benchmark eyed around 6.53%-6.54%," a trader with a state-run bank said. A majority of respondents in a Reuters poll expect the "We believe there are enough reasons for the RBI to depart from its recent guidance, deliver further 25 bps easing in October, and ad ...

The yield on the 10-year benchmark note is expected to move between 6.53% and 6.58%, a trader at a private bank said. It closed at 6.5231% on Friday. Bond yields move inversely to prices. "Spreads between the longer end and the 10-year bond yield should come down as the benchmark paper will be under tremendous selling pressure," the trader said. New Delhi reduced the amount of ultra-long bonds in its fiscal second-half borrowing plan after suggestions from investors, shifting some of the borrowing to short ...