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Thursday, Apr 06, 2006


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Money & Banking - Govt Bonds


Bond prices firm up

Our Bureau

Mumbai, April 5

There was a rise in the bond prices due to the substantial improvement in liquidity. Dealers said that the past few days had seen a sustained increase in liquidity bringing comfort to the market. "The announcement of the Rs 5,000-crore yield-based auction of a new 10 year paper on April 10 has also prompted trading interest," said a dealer at a private bank. The 9.39 per cent-5 year-2011 paper opened at Rs 109.045 (7.275 per cent YTM) and ended at Rs 109.465 (7.18 per cent YTM), up from the previous close at Rs 109.03 (7.28 per cent YTM). The 8.07 per cent-11 year-2017 paper opened at Rs 103.74 (7.55 per cent YTM) and closed at Rs 104 (7.52 per cent YTM), higher than Tuesday's Rs 103.83 (7.54 per cent YTM).

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