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Money & Banking - Govt Bonds
Bond prices fall on profit taking

Our Bureau

Mumbai, Sept. 5

Bond prices declined slightly on some profit taking by investors. The movement in yields was only by two to three basis points, said a dealer at a private bank. The traded volume stood at Rs 5,695 crore (Rs 11,895 crore) on the order matching system.

"The market is keenly awaiting the inflation figures on Friday," said the dealer. "There were no fresh factors playing in the markets. The US markets were closed yesterday for Labour Day," he said. "Looking forward, oil prices will remain a concern, though the oil prices were steady today," he said. The 7.59 per cent-10 year-2016 paper opened at Rs 99.10 (7.72 per cent YTM) and ended at Rs 98.90 (7.75 per cent YTM), down from Monday's close of Rs 99.14 (7.71 per cent YTM). The 8.07 per cent-11 year-2017 paper opened at Rs 102.10 (7.77 per cent YTM) and closed at Rs 101.89 (7.7984 per cent YTM) slightly down from Monday's close at Rs 102.14 (7.76 per cent YTM).

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