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Our Bureau

Mumbai, March 31

The bond market ended the last day of the fiscal on a weak note with the prices of some G-Secs touching levels last seen in May 2005, said dealers. There was lack of interest among market players to take fresh positions, as it was the last day of the financial year. The negative factors that pulled down prices on Friday were the rise in US Treasury yields to 4.86 per cent from 4.79 per cent and oil prices crossing $66 a barrel. A dealer with a private bank said, "The bond market has been bearish since the Fed hiked the rates and indicated that further tightening is likely. Prices have been falling since the last two to three days." The 8.07 per cent-11-year-2017 paper opened at 103.95 (7.53 per cent YTM), touched a low of Rs 103.7 (7.55 per cent YTM), and closed at Rs 103.9 (7.53 per cent YTM). The 9.39 per cent-5 year-2011 paper opened at Rs 109.1 (7.27 per cent YTM), touched a low of Rs 108.8 (7.33 per cent YTM), and closed at Rs 108.96 (7.3 per cent YTM) against the previous close of Rs 109.27 (7.23 per cent YTM).

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