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Our Bureau

Mumbai, Feb. 8

Bond prices took a beating of 35 paise in expectation of higher inflation numbers on Friday. Total traded volumes on the order matching system were Rs 895 crore (Rs 1,590 crore). Market participants are anticipating domestic inflation to accelerate on Friday to 6.48 per cent against 6.11 per cent in the previous week.

Dealers said if this happens it could be a two-year high. Traders were also wary ahead of the Rs 9,000-crore auction on Friday. "The underwriting commission of seven paise per Rs 100 for the short dated security was higher than expected, hinting at a low appetite for the paper," said a dealer at a private bank.

The 8.07 per cent 10-year 2017 paper opened at Rs 102.21 (7.74 per cent YTM) and closed at Rs 101.81 (7.80 per cent YTM), against Wednesday's Rs 102.15 (7.75 per cent YTM). The 7.59-9 year-2016 paper opened at Rs 99.05 (7.73 per cent YTM) and closed at Rs 98.63 (7.799 per cent YTM), against the previous close at Rs 99.01 (7.74 per cent YTM).

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