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Our Bureau

Mumbai, Feb 19

Bond prices remained unchanged as traders stayed light after last week's crash. Total traded volumes on the order matching system were Rs 2,545 crore (Rs 2,975 crore). Prices opened weak but some value buying by foreign banks and primary dealers aided a slight rise in prices at close. News that government stocks issued in lieu of nationalised banks' recapitalisation bonds would count as SLR instruments, as eligible investment for statutory liquidity ratio did not dampen spirits. Market participants said the RBI's intervention in the forex market to rein in the appreciating rupee was shoring up liquidity in the system and improving sentiments in the bond market. "Most dealers are staying light after last week's crash -post the hike in the cash reserve ratio. So, prices could inch up this week as market participants may try to build their positions," said a dealer.

The 8.07 per cent-10 year-2017 paper opened at Rs 100 (8.07 per cent YTM) and closed at Rs 100.37 (8.01 per cent YTM), against the previous close at Rs 100.35 (8.02 per cent YTM). The 7.37 per cent - 7 year-2014 opened at Rs 96.10 (8.09 per cent YTM) and closed at Rs 96.45 (8.03 per cent YTM), against the previous close at Rs 96.50 (8.01 per cent).

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