• 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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

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

Our Bureau

Mumbai, June 26

In the bond market, sentiment continued to be bearish and the traded volume was low. Dealers said until the Federal Open Market Committee(FOMC) meeting on June 29, there would be no trading interest. "Dealers are keenly awaiting the language and tone of the US Fed Governor although a 50 basis point hike in interest rate from 5 per cent seems imminent. If it seems likely that interest rates can be hiked up to 5.75 per cent in the US, then the reverse-repo rate in India might have be raised to 6.25 per cent," said a market participant.

Dealers expect the 10-year yields to rise to 8.25 per cent after the FOMC meeting. The 9.39-5 year-2011 opened at Rs107.05 (7.67 per cent YTM) and ended at Rs 106.97 (7.69 per cent YTM), against the previous close at Rs 107.09 (7.66 per cent YTM). The 7.59 per cent - 10 year-2016 paper opened at Rs 96.53 (8.11 per cent YTM) and closed at 96.5 (8.11 per cent), slightly higher than Friday's Rs 96.60 (8.10 per cent YTM).

More Stories on : Debt Market

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

Stories in this Section
Norms for money changers eased

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