• 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, July 7

In the bond market, prices fell and sentiment continued to be negative. Traded volumes were at Rs 535 crore on the order matching system.

Dealers said that the reduction in the G-sec auction amount from Rs 10,000 crore to Rs 7,000 crore did not enthuse the market. "If the cut-off for the reissue of the 10-year paper is set at 8.25 - 8.30 per cent then it will set a bearish tone for the market," said a dealer at a private bank.

Traders are also not taking big positions in anticipation of a rate hike in the review of the credit policy on July 25. The 7.37 per cent 8-year-2014 paper opened at Rs 95.80 (8.11 per cent YTM) and closed at Rs 95.81 (8.10 per cent YTM), against Thursday's Rs 95.9 (8.09 per cent YTM). The 7.59 per cent-10 year-2016 paper opened at Rs 95.90 (8.21 per cent YTM) and ended at Rs 95.88 (8.21 per cent YTM), down from Thursday's close at Rs 96.15 (8.16 per cent YTM).

More Stories on : Debt Market

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

Stories in this Section
Course in Actuarial Management

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