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Our Bureau

Mumbai, April 19

Bond prices were unchanged on Thursday as a small rally during the day ended with traders booking profits. Total traded volumes on the order matching system were Rs 3,745 crore (Rs 3,185 crore). Dealers said prices rose by around 30-35 paise during the day but profit-booking pulled prices down. "Bond redemptions worth Rs 7,000 crore are expected over the week-end and hence there was good Statutory Liquidity Ratio-related demand from banks," said a dealer at a private bank.

Bond prices are expected to be jittery ahead of RBI's annual monetary policy review next week, said market participants. Banks are unlikely to take huge positions in the market ahead of the Credit Policy, said a trader. The 8.07 per cent - 10 year - 2017 paper opened at Rs 100.10 (8.05 per cent YTM) and closed at Rs 99.95 (8.07 per cent YTM), against Wednesday's Rs 99.96 (8.07 per cent YTM). The 7.38 per cent - 8 year-2015 paper opened at Rs 95.54 (8.12 per cent YTM) and closed at Rs 95.42 (8.14 per cent YTM), against the previous close at Rs 95.39 (8.15 per cent YTM).

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