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Our Bureau

Mumbai, Dec 19

Bond prices edged up by 12 paise on hopes of a cut in the government borrowing programme following higher than expected advance tax collections. Total traded volumes on the order matching system were Rs 3,990 crore (Rs 3,220 crore).

However, statements made by the Finance Minister on inflation and the currency controls imposed by the Thai central bank caused intra-day selling to trim gains. "The fall in the domestic stock market affected sentiment as liquidity is a concern for bond traders," said a dealer at a private bank.

The 7.59 per cent-10 year-2016 paper opened at Rs 99.97 (7.59 per cent YTM) and closed at Rs 100.04 (7.58 per cent YTM) up from Monday's Rs 99.92 (7.6 per cent YTM). The 8.07-11 year-2017 paper opened at Rs 103.28 and closed at Rs 103.35 (7.59 per cent YTM), against Monday's Rs 103.23 (7.6 per cent YTM).

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