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Money & Banking - Debt Market
Bond prices remain flat

Our Bureau

Mumbai, Dec. 1

Bond prices were flat on concerns over higher crude oil prices. Total traded volumes on the order matching system were Rs 4,490 crore (Rs 4,795 crore).

Dealers said bond prices opened firm tracking the US 10-year yield, which eased to 4.47 per cent (4.51 per cent). The inching up of global crude price to $63 per barrel, however, pulled down domestic bond prices, they added. Traders were not taking aggressive positions in anticipation of the Rs 9,000 crore auction, to be held between December 1 and 8. Domestic inflation climbed to 5.45 per cent for the week ended November 18 against 5.29 per cent the previous week. Dealers felt it was below the expected 5.70 per cent. The 7.59 per cent - 10 year-2016 paper opened at Rs 101.20 (7.41 per cent YTM) and closed at Rs 101.08 (7.42 per cent YTM), against Thursday's Rs 101.07 (7.43 per cent YTM). The 8.07 per cent-11 year-2017 paper opened at Rs 104.67 (7.40 per cent YTM) and closed at Rs 104.53 (7.42 per cent YTM), slightly lower than Thursday's close at Rs 104.57 (7.42 per cent YTM).

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