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Our Bureau

Mumbai, Jan. 11

Bond prices were almost unchanged on few trades. Total traded volumes on the order matching system were Rs 1,035 crore (Rs 2,800 crore). Dealers said bond prices were tracking US yields, which edged up by two basis points to 4.68 per cent. Pre-auction jitters also aided the bearish sentiment. After market hours, Bank of England raised its benchmark interest rate by 0.25-percentage point to 5.25 per cent. Dealers said the hike was unexpected and could extend the bearish phase in the Indian market on Friday. "This could give a cue to the Indian central bank as well," said a dealer at a private bank.

The European Central Bank is also expected to signal its policy on interest rates, late Thursday. The 7.59-9 year-2016 paper opened at Rs 100.35 (7.53 per cent YTM) and closed at Rs 100.35 (7.53 per cent YTM), against Wednesday's Rs 100.35 (7.53 per cent YTM). The 8.07 per cent-10 year-2016 paper was not traded as it is in the shut-period. Interest payments on the paper are due on January 15. The 8.33 per cent-29 year-2036 paper which will be auctioned on Friday opened at Rs 107.55 (7.67 per cent YTM) and closed at Rs 107.27 (7.7 per cent YTM).

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