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Our Bureau

Mumbai, Feb. 2

Bond prices jumped by over 20 paise on the back of key rates (other than the repo rate) staying untouched in the quarterly review of the Credit Policy. Total traded volumes on the order matching system were Rs 3,570 crore (Rs 4,545 crore). Market participants had stayed light ahead of the Credit Policy and were now showing buying interest.

"There is only one Rs 9,000 crore auction scheduled for the month. Besides, coupon payments and Government expenditure will improve liquidity in the system," said a dealer at a private bank.

Market participants said domestic inflation, which was at 6.11 per cent for the week-ended January 20, had been factored in by traders.

"Inflation has peaked and it can only move downward from here on," said a dealer at a private bank.

The 8.07-10 year-2017 paper opened at Rs 102.50 (7.70 per cent YTM) and closed at Rs 102.60 (7.69 per cent YTM), up from the previous close at Rs 102.37 (7.72 per cent YTM). The 7.59 per cent-9 year-2016 paper opened at Rs 99.20 (7.71 per cent YTM) and closed at Rs 99.30 (7.69 per cent YTM), against the previous close of Rs 99.11 (7.72 per cent YTM).

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