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Tuesday, Apr 18, 2006


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Money & Banking - Govt Bonds


Bond prices decline marginally

Our Bureau

Mumbai, April 17

Bond prices fell slightly, tracking the rise of US yields. Dealer said the US yields touching a record high of 5 per cent and the hardening of the price of global crude to $71 caused some selling.

A dealer at a private bank said though the market was weak, there was no panic selling. "There is currently enough liquidity in the system and that is a positive factor in the domestic market," said the dealer.

The 7.59 per cent-10 year-2016 paper opened at Rs 100.20 (7.56 per cent YTM) and ended at Rs 100.25 (7.55), lower than the previous close at Rs 100.36 (7.54 per cent YTM). The 9.39 per cent-5 year-2011 paper opened at Rs 109.45 (7.18 per cent YTM) and closed at the same level.

The 8.07-11 year-2017 paper closed at Rs 103.15, down from Thursday's close at Rs 103.35 (7.6 per cent YTM).

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