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Our Bureau

Mumbai, Feb. 20

Bond prices gained by around 12 paise and yields dropped by about two basis points. "After the first phase of CRR hike, the market expected the call rates to go beyond 9 per cent. However, the call rate ruled at around 8 per cent, providing comfort to the bond market," said a dealer at a private bank. Total traded volumes on the order-matching system dipped to Rs 2,130 crore (Rs 2,545 crore).

"The volumes may not show a sharp increase till Budget Day as players are not taking fresh positions," said the dealer.

They said the 10-year paper is likely to trade at 8 per cent YTM this week. The 8.07 per cent-10 year-2017 paper opened at Rs 100.45 (8 per cent YTM) and closed at Rs 100.45 (8 per cent YTM) against Monday's close of Rs 100.37 (8.01 per cent YTM). The 7.37 per cent - 7 year-2014 opened at Rs 96.56 (8 per cent YTM) and closed at Rs 96.58 (8 per cent YTM) against pervious close of Rs 96.45 (8.03 per cent YTM).

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