Business Daily from THE HINDU group of publications
Friday, Mar 16, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Money & Banking - Govt Bonds
Bond prices fall by 18 paise

Our Bureau

Mumbai, March 15

Bond prices dropped around 18 paise and yields rose by about three basis points on advance tax payments. "Around Rs 40,000 crore seem to have gone out of the system as advance tax outflows," said a dealer at a private bank. According to dealers, there was thin trading in the market. "The volumes were low and there was less participation as the financial year is coming to an end," said the dealer. Total traded volumes on the order matching system fell to Rs 1,070 crore (Rs 1,340 crore).

The 8.07-per cent 10-year 2017 paper opened at Rs 100.63 (7.98 per cent YTM) and closed at Rs 100.54 (7.99 per cent YTM) against the previous close of Rs 100.72 (7.96 per cent YTM) on Wednesday. The 7.37-per cent 7-year 2014 paper opened at Rs 96.59 (8 per cent YTM) and closed at Rs 96.35 (8.05 per cent YTM) against Rs 96.47 (8.03 per cent YTM) on Wednesday.

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Andhra Bank interim payout


Bank reality-check — Consolidate or perish
Some relief on the card
Rupee gains marginally
Bajaj Allianz, LVB in bancassurance deal
Insurance salary hikes highest in 2006: Report
No bank loans for small savings instruments
ICICI Bank may sell entire stake in NCDEX
India important market: HSBC
Bond prices fall by 18 paise
Call rates tad higher
IRDA fiat on discounts irks PSU insurers
LIC, Corporation Bank to expand co-operation


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line