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Money & Banking - Govt Bonds
Bond yields range-bound

Our Bureau

Mumbai, Dec. 27

Bond yields were range bound with the 10-year benchmark government paper trading between 7.61 per cent and 7.62 per cent, as banks were seen buying government securities to build up their SLR portfolios. But volumes were low on tight liquidity and high call rates. "There was no trading opportunity. I see tight liquidity conditions continuing for 15-20 days," said a bond dealer.

Traded volumes on the order matching system were Rs 690 crore (Rs 1,150 crore). The 7.59 per cent-10 year-2016 paper opened at Rs 98.81 (7.62 per cent YTM) and closed at Rs 99.79 (7.62 per cent) against the previous close of Rs 99.74 (7.63 per cent). The 8.07 per cent-11 year-2017 paper opened at Rs 103.16 (7.61 per cent YTM) and closed at Rs 103.15 (7.61 per cent YTM) unchanged from the previous close of Rs 103.15 (7.62 per cent YTM).

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