Business Daily from THE HINDU group of publications
Tuesday, Dec 19, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Money & Banking - Govt Bonds
Bond prices gain 25 paise

Our Bureau

Mumbai, Dec. 18

Bond prices moved up by around 25 paise on lower inflationary expectations. Total traded volumes on the order matching system were at Rs 3,220 crore (Rs 3,080 crore). Dealers said the comments made by the Prime Minister on inflation aided the positive sentiment. Market participants said there was all round participation in the bond market.

However, sentiment might turn bearish in the coming days as advance tax outflows and the hike in cash reserve ratio will start telling on the liquidity in the system. The 7.59 per cent - 10 year-2016 paper opened at Rs 99.74 (7.63 per cent YTM) and closed at Rs 99.92 (7.60 per cent YTM), up from Friday's Rs 99.67 (7.64 per cent YTM). The 8.07-11 year-2017 paper opened at Rs 102.95 (7.64 per cent YTM) and ended at Rs 103.23 (7.60 per cent YTM), against Friday's Rs 102.89 (7.69 per cent YTM).

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Formal finance for informal sector


RBI mulls interest for EEFC balances
Rupee marginally down
Infosys plans to strengthen Finacle platform
Allahabad Bank to offer reverse mortgage
SDS rates unchanged at 8 pc
Expansion plans pep up UTI Bank
SBI amendment Bill introduced
Suguna Poultry, SBI in pact for contract farming
Debt market volumes hit 2-year high in November
Bond prices gain 25 paise
`Rate hike has not hit credit growth'
Call rates move up
Co-branded card
Acceptance of cheques at counters
Federal Bank scouts for buys


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line