The Hindu Business Line : Bond prices fall

Bond prices fell on weak buying and fears over advanced tax outflows trimming liquidity. It is also seen as a correction as players booked profit after the September 8 auction, said dealers.

Total traded volume on the order matching system was around Rs 3,815 crore against Rs 4,265 crore on Monday. "The market had rallied substantially ahead of and after the auction. Yields rose by about 7 basis points across papers today," said a dealer with a private bank.

The 10-year benchmark 7.59 paper 2016 opened 10 paise lower at Rs 99.15 (7.72 per cent YTM) against the previous close of Rs 99.24 (7.70 per cent YTM) and ended lower at Rs 98.77 (7.77 per cent YTM). The 8.07 per cent - 11 year, 2017 paper opened at Rs 102.08 (7.71 per cent YTM) and closed at Rs 101.72 (7.82 per cent YTM) against the previous close of Rs 102.21 (7.75 per cent YTM).

More Stories on : Govt Bonds

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

Stories in this Section
Moratorium is `a pre-emptive action' of the RBI

Rupee firmer against dollar

Thane Janata bank in tech tie-up

Growth versus fiscal prudence

YES Bank to raise $150-m capital to fund expansion

Union Bank assures credit of outstation cheques in 5 days

Bond prices fall

Banks do fine balancing on corporate advances

Call rates unchanged

IDBI wins battle for United Western Bank

IDBI-UWB merger: A win-win deal

RBI decision a boon to IDBI, say analysts

`Central Bank trying to regain its lost glory'

New banking ombudsman