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Our Bureau

Mumbai , Dec. 14

Sentiment in the bond market was bearish due to high US yields and tight liquidity, with prices falling by about 22 paise. Volumes on the NDS Order Matching system were at Rs 1,935 crore. Although there was some buying in the latter half of the day, following RBI's aggressive cut-off on state loans, it was not enough to push up bond prices, said dealers. "Bond prices are weak following the hike in CRR. Advance tax outflows which have begun, is impacting liquidity," said a dealer with a private bank.

The 7.59 per cent 10-year 2016 paper opened at Rs 99.35 (7.69 per cent YTM) and closed at Rs 99.44 (7.67 per cent YTM) against the previous close of Rs 99.66 (7.64 per cent YTM). The 8.07 per cent 11-year 2017 paper opened at Rs 102.35 and closed at Rs 102.63 (7.69 per cent YTM) against Wednesday's close of Rs 102.85 (7.66 per cent).

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