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Money & Banking - Govt Bonds
Bond prices fall on profit-booking

Our Bureau

Mumbai, Nov 29

Bond prices fell by around 11 paise on profit-booking by traders. "In the next two weeks, advance tax outflows will tell on liquidity," said a dealer with a private bank. Total traded volumes on the NDS-order matching system fell to Rs 5,600 crore (Rs 6,585 crore). "With reports of an expected cut in fuel prices, the market expects the inflation to be comfortable," said the dealer.

The 7.59 per cent-10 year-2016 paper opened at Rs 101.50 (7.36 per cent YTM) and closed at Rs 101.28 (7.39 per cent YTM) against the previous close of Rs 101.39 (7.38 per cent YTM). The 8.07 per cent 11-year paper opened at Rs 105 (7.36 per cent YTM) and closed at Rs 104.78 (7.39 per cent YTM) against Tuesday's close of Rs 104.89 (7.37 per cent YTM).

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