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Our Bureau

Mumbai, April 5

Bond prices fell by about 23 paise and yields rose by four basis points as traders turned nervous over auctions in the current fiscal. "With inflation slipping to 6.39 per cent for the week-ended March 24 against 6.46 per cent the previous week, RBI is expected to suck out more rupee funds through Market Stabilisation Scheme auctions," said a dealer at a private bank.

According to the dealers, only the 10-year paper was actively traded, with the rest closing unchanged. Volumes traded on the NDS-order matching system were at Rs 3,070 crore (Rs 1,915 crore). "There was not much participation due to a long weekend," the dealer said.

The 8.07 per cent-10 year-2017 paper opened at Rs 99.43 (8.16 per cent YTM) and closed at Rs 99.15 (8.20 per cent YTM) against Rs 99.38 (8.16 per cent YTM). The 7.37 per cent-7 year-2014 paper opened at Rs 95.64 (8.20 per cent YTM) and closed at Rs 95.58 (8.21 per cent YTM) against Rs 95.58 (8.21 per cent YTM).

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