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Our Bureau

Mumbai, Aug. 11

Bond prices were volatile ahead of the Rs 8,000 crore auction to be held on August 18. Prices moved in a band of 30-35 paise and ended lower, said dealers. Volumes were over Rs 2,500 crore on the negotiated dealing system. A dealer with a private bank said, "There was some buying interest in the morning. But with terror alerts, the market mood turned negative."

The 7.59 per cent-10 year-2016 paper opened at Rs 96.75 (8.08 per cent YTM) and closed at Rs 96.45 (8.12 per cent YTM) against the previous close Rs 96.68 (8.09 per cent YTM). The 9.39 per cent 5-year 2011 paper opened at Rs 106.9 (7.67 per cent YTM) and closed at Rs 106.5 (7.74 per cent) against the previous close of Rs 106.78 (7.7 per cent YTM). The RBI announced the auction of two Government securities on August 18 after market hours. The papers are the 8.33 per cent 2036 for Rs 3,000 crore and 8.07 per cent 2017 for Rs 5,000 crore.

"The market could open slightly lower on Monday as the auction has been announced, because there will be selling. Yields on the 10-year benchmark could touch 8.15 per cent," said the dealer.

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