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Our Bureau

Mumbai, Nov. 23

Bond prices rose during the day but profit booking erased some of the gains towards the close. The total traded volume on the order matching system was around Rs 5,265 crore (Rs 6,470 crore). Dealers said prices opened higher tracking gains made by the US ten-year paper, which eased to 4.56 per cent (4.60 per cent). The improvement in liquidity (cash in the system) also aided bond prices. However, profit booking, ahead of the Rs 5,000 crore auction on Friday, drove down prices.

The auction of the Rs 5000-crore 8.07 per cent 11 year - 2017 paper is expected to be well bid.

The 7.59 per cent-10 year-2016 paper opened at Rs 101 (7.44 per cent YTM) and closed at Rs 100.92 (7.41 per cent YTM), up from Wednesday's Rs 100.85 (7.46 per cent YTM).

The 8.07-11 year-2017 paper opened at Rs 104.75 (7.39 per cent YTM) and closed at Rs 104.62 (7.41 per cent YTM), higher than Wednesday's Rs 104.58 (7.42 per cent YTM).

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