• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, April 3

In the bond market, sentiment was cautious ahead of the Rs 8,000-crore Government securities auction to be held between April 3 and 12. The traded volume was not more than Rs 1,000 crore. Dealers said that with the implementation of the FRBM (Fiscal Responsibility and Budget Management) Act on April 1, the devolvement would be on primary dealers and not RBI in the case of few bids for the auction. "Traders are not taking positions ahead of the announcement of the auction. The bearish trend is likely to continue until the annual credit policy on April 18". The 9.39-per cent 5-year 2011 paper opened at Rs 108.97 (7.296 per cent YTM) and closed at Rs 109.04 (7.28 per cent YTM), higher than Friday's Rs 108.96 (7.3 per cent YTM). The 8.07-per cent 11-year 2017 paper opened at Rs 103.85 (7.54 per cent YTM) and ended at Rs 103.70 (7.56 per cent YTM), lower than the previous close at Rs 103.9 (7.53 per cent YTM).

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Grameena bank biz grows 22 pc

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line