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Money & Banking - Govt Bonds
Bond prices move up

Our Bureau

Mumbai, Dec. 4

Bond prices rallied by around 25 paise, tracking softening US yields to 4.40 per cent. Total traded volumes on the order matching system were Rs 8,465 crore (Rs 4,490 crore).

Comfortable liquidity helped yields to drop by about three to four basis points, said a dealer at a private bank. Traders are also bullish, ahead of the Rs 9,000- crore auction on Friday, he added. Dealers expect the 10-year yields to touch 7.35 per cent this week.

The 7.59 per cent-10 year-2016 paper opened at Rs 101.20 (7.40 per cent YTM) and closed at Rs 101.35 (7.39 per cent YTM) against Friday's Rs 101.08 (7.42 per cent YTM). The 8.07 per cent-11 year-2017 paper opened at Rs 104.62 (7.41 per cent YTM) and closed at Rs 104.75 (7.40 per cent YTM) against Rs 104.53 (7.42 per cent YTM) on Friday.

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