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Money & Banking - Govt Bonds
Bond prices fall 24 paise

Our Bureau

Mumbai, Jan. 10

Bond prices fell by 24 paise as dealers offloaded government securities ahead of the Rs 4,000-crore auction on January 12. "Liquidity is still tight. Market participants need to make room for the auction, which is why most are in a mood to sell," said a bond dealer. The auction may not get a good response if liquidity continues to be tight, he added. Total traded volumes on the order matching system were lower at Rs 2,800 crore (Rs 2,875 crore).

The 8.07 10-year-2017 paper opened at Rs 104 (7.49 per cent YTM) and closed at Rs 103.78 (7.52 per cent YTM) against the previous close of Rs 104.02 (7.49 per cent YTM). The 7.59 9-year-2016 paper opened at Rs 100.48 (7.51 per cent YTM) and closed at Rs 100.35 (7.53 per cent YTM) against the previous close of Rs 100.52 (7.5 per cent YTM).

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