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Our Bureau

Mumbai, Oct .17

Bond prices moved in a 10 paise range with a negative bias on Tuesday, as market participants expect a rate hike by the Reserve Bank of India. The trigger for the negative mood was the higher inflation figures last week at 5.16 per cent, said a dealer. Traded volumes on the order-matching system amounted to Rs 1,360 crore (Rs 2,555 crore). "Traders have started discounting bond prices, especially after the higher inflation figures," said the dealer. The 7.59 per cent 10-year 2016 benchmark paper opened at Rs 99.4 (7.68 per cent YTM) and closed at Rs 99.41 (7.68 per cent YTM), against the previous close of Rs 99.45 (7.67 per cent YTM). The 8.07 11-year 2017 paper opened at Rs 102.52 (7.70 per cent YTM) and closed at Rs 102.42 (7.72 per cent YTM), down from the previous close of Rs 102.50 (7.71 per cent YTM).

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