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Our Bureau

Mumbai, Sept 29

Bond prices fell on Friday by around 10 paise on profit booking ahead of the half yearly closing on September 30. The total traded volume on the order-matching system was Rs 2,260.

Dealers said the Finance Minister's statement on fiscal and monetary measures being taken to curb inflation led to some selling in the market.

"Bond traders interpreted the statement as a signal for a possible rate hike in the October credit policy review," said a dealer at a private bank.

The US yields, which gained 4.6 per cent (4.53 per cent), added to the negative news. Market participants said the Indian market had moved from a bullish to cautious phase.

The 7.59 per cent-10 year-2016 paper opened at Rs 99.70 (7.63 per cent YTM) and closed at Rs 99.66 (7.64 per cent YTM) against Rs. 99.77 (7.62 per cent YTM). The 8.07 per cent-10 year-2017 paper opened at Rs 102.60 (7.697 per cent YTM) and closed at Rs 102.67 (7.69 per cent YTM).

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