Business Daily from THE HINDU group of publications Saturday, Dec 02, 2006 ePaper |
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Money & Banking
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Debt Market Bond prices remain flat Our Bureau
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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