Business Daily from THE HINDU group of publications
Thursday, Sep 14, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Money & Banking - Govt Bonds
Bond prices up

Our Bureau

Mumbai, Sept. 13

Bond prices edged up by 15 paise tracking US yields. The total traded volume on the order matching system was Rs 3,435 crore (Rs 3,815 crore).

Dealers said bond prices opened around 20 paise higher over Tuesday's close as the US 10- year paper eased from 4.81 per cent to 4.77 per cent. However, profit booking trimmed some of the gains.

"Advance tax outflows and the toting of Treasury incomes for the first half of the current fiscal could turn traders cautious. It is unlikely that the 10-year yield will ease below 7.70 per cent", said a dealer at a private bank. The 7.59 per cent - 10 year-2016 paper opened at Rs 99 (7.74 per cent YTM), up from Tuesday's close at Rs 98.77 (7.77 per cent YTM) and closed at Rs 98.97 (7.74 per cent YTM). The 8.07 per cent - 11 year-2017 paper opened at Rs 102 (7.78 per cent YTM) and ended at Rs 101.89 (7.80 per cent), higher than Tuesday's Rs 101.72 (7.82 per cent YTM).

More Stories on : Govt Bonds

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



Stories in this Section
DBS Chola opens Kochi branch


Convertibility: Go all the way
Rupee strengthens by about 10 p
Bond prices up
SBI gears up for festive season splurge
Call rates unchanged
SBI ties up with M&M for tractor loans
KVB plans Rs 125-cr rights issue


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

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