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Saturday, Mar 11, 2006
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 Money & Banking - Govt Bonds


Bonds bearish

Our Bureau

Mumbai, March 10

Bond prices fell by around 20 paise and the market remained bearish despite the RBI Governor's statement about central bank injecting liquidity through a package of instruments. A dealer at a private bank said that the market players expected the bond yields to harden further. The 8.07-11 year-2017 paper opened at Rs 105.10 (7.38 per cent YTM) and closed at Rs 104.90 (7.40 per cent YTM), lower than Thursday's Rs 105.04 (7.38 per cent YTM). The 9.39-5 year-2011 paper opened at Rs 109.50 (7.20 per cent) and closed at Rs 109.35 (7.23 per cent YTM), down from the previous close at Rs 109.45 (7.21 per cent YTM).

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