Non-Slr Float Yields May Wind Down

Yields on non-statutory liquidity ratio (non-SLR) papers should soften by five to 10 basis points this week.

The main driver of corporate bonds will be the slight easing of liquidity coupled with mutual funds and banks taking fresh positions.

But if the US-Iraqi standoff escalates into a war then the trend could go for a toss.The yield on the benchmark five-year Hindalco bond should ease to 6.35 per cent as against last Saturday