Financial Daily from THE HINDU group of publications Saturday, Feb 25, 2006 |
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Money & Banking
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Govt Bonds Bond prices fall Our Bureau
Though in the first-half bond prices appreciated by about 10 paise, there was sell off in the second session, said a dealer with a private bank. "The market will look at the budgeted borrowing figures for next year. I don't expect the market to appreciate much as the borrowing is likely to be same as last year," the official said. The 8.07 per cent 11-year 2017 paper opened at Rs 105.19 (3.36 per cent YTM) and touched a high of Rs 105.31 before ending trade at Rs 105.07 (7.38 per cent YTM) lower than Thursday's close of Rs 105.15 (7.37 per cent YTM). The 9.39 per cent 5-year 2011 opened at Rs 110.20 (7.06 per cent YTM) and touched a high of Rs 110.30 before ending at Rs 109.85 (7.14 per cent YTM), 30 paise down from the previous close of Rs 110.15 (7.08 per cent YTM).
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