On Monday, despite thin trade the yields on federal bonds edged up. This rise, say experts, was the follow up of the same rising trend in the US yields.

But they also believe that the sharp rise will be curbed because of the value buying. This would start as soon as the yields reach a high level.

In the morning of Monday, 10-year bond showed a yield of 8.09 per cent. This was higher than the 8.06 per cent figure that it reached during Friday.

The trend that was seen was that the benchmark bond yield has risen by 24 points during this month. It must be remembered that the benchmark bond yield moves on the inverse direction as compared to prices.

Looking at this, many dealers predict that value buying will take place when benchmark yield level reaches 8.10-8.12 per cent levels.

Besides this, the rate will also be impacted by the decision by Indian government to borrow Rs. 10 billion in between April 26 and 30.

Looking at this, it is expected that the traders will have a close watch on the movement of bonds.