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Wednesday, Nov 29, 2006
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Money & Banking - Debt Market
Bond prices end flat

Our Bureau

Mumbai, Nov. 28

Profit-booking in the bond market kept prices from building up on the rally over the last two to three days. Yields on US treasuries saw a marginal decline from 4.55 per cent to 4.54 per cent and on cue, the domestic bond market opened higher by about 10 paise before dropping in the post-lunch session.

"It was mainly traders' fatigue. Also, liquidity has come down marginally," said a dealer with a private bank. Total traded volumes on the NDS-order matching system fell to Rs 6,585 crore (Rs 11,575 crore).

The 7.59 per cent-10 year-2016 paper opened at Rs 101.5 (7.36 per cent YTM) and closed at Rs 101.39 (7.38 per cent YTM) against the previous close of Rs 101.40 (7.38 per cent YTM).

The 8.07 per cent 11-year paper opened at Rs 105.02 (7.36 per cent YTM) and closed at Rs 104.89 (7.37 per cent YTM) against the previous close of Rs 104.90 (7.38 per cent YTM).

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