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Bond buying seen above 7.5%

DNMUM412186 | 4/16/2018 | Author : N S Venkatesh | WC :574

BOND MARKET PREVIEW

Another week of volatile trading went by as weekend developments over the Syria row should keep markets in jitters in the next few days. The US President Donald Trump took a U-turn in his tone after expressing a desire to withdraw US troops from Syria’s intractable war. Friday night’s missile attack was most unexpected and possibly a culmination of the traumatic experiences in Damascus. While UK and French join the US to strike targets in Syria over the alleged use of chemical weapons, Russia’s stance could because of further tensions. These Mid-east tensions boosted oil prices to their highest levels since 2014, with WTI Crude costing $67.50 a barrel, up $5 a barrel from a week ago.The US 10y note edged higher 4 basis to close
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