The Hindu Business Line : Bond prices gain 35 paise

Bond prices rose by 35 paise reacting to the RBI announcement of the auction calendar for Government securities. Dealers see a positive in the auctions being evenly spread over the rest of the fiscal.

"Usually, a major part of the auctions take place between October and January, putting pressure on liquidity. This fiscal there is only one auction scheduled for October," said a dealer in a private bank.

The easing of the US treasury yields to 4.57 per cent (4.62) added to the positive sentiment in the domestic market. The 7.59 per cent 10-year 2016 paper opened and closed at Rs 100.15 (7.57 per cent YTM), up from Monday's Rs 99.78 (7.62 per cent YTM).The 8.07 per cent 11-year 2017 paper opened at Rs 103.05 (7.63 per cent YTM) and closed at Rs 103.15 (7.62 per cent YTM), against Monday's Rs 102.78 (7.67 per cent YTM).

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