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Money & Banking - Govt Bonds


Buying interest in bonds

Our Bureau

Mumbai, April 21

In the bond market, prices inched up cushioned by the ample liquidity in the system. Dealers said that despite the rise in oil prices and hardening of the US yields, there was buying interest in the bond market. "Traders who stayed light before the annual credit policy are now taking positions. The market is now attracting investors like pension funds and PSU banks," said a dealer. The 9.39 per cent-5 year-2011 paper opened at Rs 110.35 (6.97 per cent YTM) and closed at Rs 110.43 (6.95 per cent YTM), up from Thursday's Rs110.31 (6.99 per cent YTM. The 8.07-12 year-2017 paper opened at Rs 104.55 (7.44 per cent YTM) and closed at Rs 104.89 (7.39 per cent YTM), higher than Rs 104.66 (7.43 per cent YTM) on Thursday.

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