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Our Bureau

Mumbai, March 2

Bond prices fell by around 15 paise on profit booking. Total traded volumes on the order matching system were Rs 1,310 crore (Rs 1,780 crore). Dealers said prices initially rose on the back of a lower inflation figure. Domestic inflation for the week ended February 17 was at 6.05 per cent against 6.63 per cent in the previous week. However, profit booking pulled prices down later in the day.

"The anticipation of the Rs 8,000-crore auction scheduled for early March also made traders cautious," said a dealer at a private bank. Market participants expect bond prices to be range-bound with a bearish undertone. "The announcement of the auction should push the 10-year yield to 8.1 per cent. But banks might buy this month to cover their Statutory Liquidity Ratio requirement," said a dealer.

The 7.37 per cent-7 year-2014 paper opened at Rs 97.10 (7.91 per cent YTM) and closed at Rs 96.67 (7.99 per cent YTM), against Thursday's Rs 96.83 (7.96 per cent YTM). The 8.07 per cent-10 year-2017 benchmark paper opened at Rs 101.13 (7.90 per cent YTM) and closed at Rs 100.89 (7.93 per cent YTM), against Thursday's Rs 100.94 (7.93 per cent YTM).

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