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Our Bureau

Mumbai, April 19

Bond prices rose by 40-50 paise and the traded volumes were high at around Rs 5,700 crore. Dealers said that prices surged as a reaction to the annual credit policy, which left interest rates untouched against market expectation. "Prices were slightly volatile. While some were booking profits, others were taking positions," said a dealer at a private bank.

Dealers said that prices would continue to rise, as there were no negative factors affecting the market. "The outlook for the bond market is positive because of the ample liquidity in the system. However, inflation data will be keenly watched, since global oil prices are still a concern," a dealer said. The 9.39-5 year-2011 paper opened at Rs 110.25 (6.99 per cent YTM) and closed at Rs 110.60 (6.92 per cent YTM), up from Tuesday's Rs 110.05 (7.04 per cent YTM). The 8.07 per cent-11 year-2017 paper opened at Rs 104.40 (7.46 per cent YTM) and closed at Rs 104.94 (7.39 per cent YTM).

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