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Tuesday, Feb 13, 2007
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Money & Banking - Govt Bonds
Bond prices fall by 20 paise

Our Bureau

Mumbai, Feb. 12

Bond prices fell by around 20 paise and yields moved up by three basis points on profit booking. "The nervousness in the stock markets got passed on to the bond markets," said a dealer at a private bank. Total traded volumes on the order-matching system increased marginally to Rs 1,640 crore (Rs 1,185 crore). "The volumes may drop this week as banks may not take positions ahead of the Budget. Prices may improve as there are no auctions this month," said the dealer.

The 8.07-10 year-2017 benchmark government paper opened around 15 paise higher at Rs 101.95 (7.78 per cent YTM) and closed at Rs 101.60 (7.83 per cent YTM) against Friday's close of Rs 101.80 (7.80 per cent YTM). The 7.37 2014 paper opened at Rs 97.75 (7.78 per cent YTM) against Rs 97.38 (7.85 per cent YTM).

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