Overhang Of Negatives To Smother Trend

Trading in the corporate bond market this week is expected to be lacklustre. Liquidity squeeze on account of the state loans auction slated for March 12 coupled with advance tax outflows scheduled to begin after March 15 and the expectation that the US might shortly initiate unilateral action against Iraq will keep investors and traders away from bond play.

Corporate papers will either hold at last week