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Our Bureau

Mumbai, April 11

Bond prices fell by about 20 paise and yields advanced by three basis points as traders booked profits ahead of the Rs 10,000-crore auction tomorrow. Liquidity was comfortable in the banking system as banks offered to park over Rs 40,000 crore with the RBI. "Since the liquidity was easy, the market expects the RBI to suck out the excess cash through an MSS auction," said a dealer at a private bank.

Dealers said the 10-year yield is expected to touch 8.15 per cent over the next week. The 8.07 per cent-10 year-2017 paper opened at Rs 100.39 (8.01 per cent YTM) and closed at Rs 100.10 (8.05 per cent YTM) against Rs 100.32 (8.02 per cent YTM) on Tuesday. The 7.37 per cent- 7 year-2014 paper opened at Rs 96.45 (8.04 per cent YTM) and closed at Rs 96.30 (8.07 per cent YTM) against Rs 96.47 (8.04 per cent YTM) on Tuesday.

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