Action in AA+ and AAA papers
Interest in corporate bonds is likely to wane a touch during the week, with action remaining concentrated in papers having a rating of AA+ or more. The refrain among participants is that the bulk of trading will be in the 4-6 year maturity papers.
According to dealers, the yield on 5-year AAA-rated papers will be in the range of 7.75 per cent to 7.80 per cent, while on AA+ issues it will be in the range of 7.90 per cent to 8 per cent. Dealers said there are few lower-rated papers available at present.