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Money & Banking - Govt Bonds
Bond prices rise by 20 paise

Our Bureau

Mumbai, April 18

Bond prices rose by about 20 paise and yields fell by four basis points on comfortable liquidity in the banking system. "Call rates have also softened to 11-12 per cent, triggering a rise in bond prices," said a dealer at a private bank. "There was also good demand seen from banks for meeting their statutory liquidity requirements," he said.

Bond yields also tracked US treasury yields, which fell from 4.73 per cent to 4.66 per cent. Volumes on the NDS-order matching system also rose to Rs 3,185 crore (Rs 1,365 crore). The 8.07 per cent-10 year-2017 paper opened at Rs 99.83 (8.1 per cent YTM) and closed at Rs 99.96 (8.07 per cent YTM) against Tuesday's Rs 99.77 (8.11 per cent YTM). The 7.38 per cent- 8-year-2015 paper opened at Rs 95.10 (8.2 per cent YTM) and closed at Rs 95.39 (8.15 per cent YTM) against Rs 95.05 (8.21 per cent YTM) on Tuesday.

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