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Our Bureau

Mumbai, March 16

In the bond market, traded volumes were thin. But prices moved up as the RBI did not inject liquidity in the market through the repo window. Dealers said that sentiment was cautious ahead of the advance tax outflows to the tune of Rs 25,000 crore."There was neither aggressive selling or buying. The prices rose as there was only net absorption of liquidity by the RBI through the reverse-repo window," said a dealer at a private bank.

Dealers said that traders in bond market would take a fresh view only after the advance tax outflows. The outlook for the price of the 8.07 per cent -2017 paper until the end of the fiscal was Rs 104.35-45, they said. The 8.07 per cent-11 year-2017 paper opened at Rs 104.77 (7.40 per cent YTM) and closed at Rs 104.95 (7.39 per cent YTM).The 9.39-5 year-2011 paper opened at Rs 109.25 and ended at Rs 109.38 (7.22 per cent YTM).

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