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Money & Banking - Govt Bonds
Bonds shed 3 paise

Our Bureau

Mumbai, Feb. 7

The bond market was dull as prices dropped by around three paise (yields went up by one basis point) as the market turned bearish ahead of the Rs 9,000-crore auction on Friday. Total traded volumes on the order matching system increased marginally to Rs 1,590 crore (Rs 1,410 crore). "There were no fresh triggers and the market expects the inflation to be on the higher side," said a dealer at a private bank. The 8.07 per cent-10 year-2017 paper opened at Rs 102.25 (7.74 per cent YTM) and closed at Rs 102.15 (7.75 per cent YTM) against Tuesday's Rs 102.17 (7.76 per cent YTM). The 8.33 per cent-9 year-2016 paper opened at Rs 99.04 (7.73 per cent YTM) and closed at Rs 99.01 (7.74 per cent YTM) against the previous close of Rs 99.04 (7.74 per cent YTM) on Tuesday.

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