March 7, 2013 / 10:44 AM / in 4 years

MARKET EYE-Indian bond yields flat; focus shifts to inflation

* Indian government bonds trading largely rangebound in the
absence of fresh triggers. The benchmark 10-year bond yield
 is flat at 7.86 percent, having traded in a
7.85-7.87 percent range.
* Focus now on the key data next week with headline inflation
for February crucial to firming up rate cut expectations.
* Bond strategist says any bond rally seems to be restricted at
7-10 bps from current trading levels without any conviction on
the subsidy spending cut layout.

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

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