Business Daily from THE HINDU group of publications Thursday, Sep 14, 2006 ePaper |
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Money & Banking
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Govt Bonds Bond prices up Our Bureau
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).
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