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Our Bureau

Mumbai, March 14

Bond prices were almost unchanged ahead of the advanced tax outflows scheduled in the next few days. Total traded volumes on the order matching system were Rs 1,340 crore (Rs 1,645 crore). Dealers said they were not taking any major positions as advance tax outflows of around Rs 25,000 crore are expected. "Liquidity or cash in the system is likely to come under pressure with the outflows," said a dealer at a private bank.

With short-term rates inching up, treasury officials say the focus in now on garnering deposits rather than trading in the g-sec market. Despite the easing of the US 10-year yield by 4-5 basis points to 4.48 per cent, bond prices were unaffected. The 8.07 per cent-10 year-2017 paper opened at Rs 100.70 (7.96 per cent YTM) and closed at Rs 100.72 (7.96 per cent YTM), against Tuesday's Rs 100.68 (7.96 per cent YTM). The 7.37 per cent-7 year-2014 paper opened at Rs 96.65 (7.99 per cent YTM) and closed at Rs 96.47 (8.03 per cent YTM), against Tuesday's Rs 96.63 (8 per cent YTM).

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