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Our Bureau

Mumbai, Feb 23

Bond prices rose by around 25 paise on Friday as inflation numbers were lower than expected. The total traded volume on the order matching system stood at Rs 1,020 crore (Rs 2,030 crore). Dealers said that bond prices rose as inflation for the week ended February 10 was 6.63 per cent, lower than the previous week's 6.73 per cent. Traders had expected inflation to be 6.65-6.67 per cent. Market participants said that bond prices are on the rise as they expect the Government borrowing programme to be reduced in the Budget. "The Government is likely to reduce the borrowing programme by around Rs 25,000 crore. So, buying interest may continue until Tuesday," said a dealer at a private bank. The 8.07 per cent 10-year 2017 paper opened at Rs 100.65 (7.97 per cent YTM) and closed at Rs 100.94 (7.93 per cent YTM), against Thursday's Rs 100.73 (7.96 per cent YTM). The 7.37 per cent seven-year 2014 paper opened at Rs 96.61 (eight per cent YTM) and closed at Rs 96.89 (7.95 per cent YTM), against Thursday's Rs 96.63 per cent (7.99 per cent YTM).

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