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Money & Banking - Govt Bonds
Bond prices fall by 16 paise

Our Bureau

Mumbai, March 13

Bond prices fell by about 16 paise and yields rose by about one paise on profit-booking by investors and expectations of a higher inflation number this week. "Bond prices opened 25 paise higher on global crude prices reigning low at $59 per barrel. Earlier in the day, the market also tracked US yields, which were 3-4 basis points lower," said a dealer at a private bank. Total traded volumes on the order matching system fell to Rs 1, 645 crore (Rs 4, 385 crore).

The 8.07 per cent 10 year-2017 benchmark paper opened at Rs 100.10 (7.90 per cent YTM) and closed at Rs 100.68 (7.96 per cent per annum) against Monday's close of Rs 100.84 (7.95 per cent YTM). The 7.37 per cent 7 year-2014 paper opened at Rs 96.85 (7.95 per cent YTM) and closed at Rs 96.63 (8 per cent YTM) against Rs 96.83 (7.96 per cent YTM) on Monday.

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