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Money & Banking - Govt Bonds
Bond prices drop by 25 paise

Our Bureau

Mumbai, April 23

Bond prices fell by about 25 paise (yields rose by two-three basis points) on nervousness over the RBI's credit policy on Tuesday. "The auction of around Rs 6,000 crore will also take place on Friday in line with expectations," said a dealer at a private bank.

Volumes on the NDS-order matching system were at Rs 1,240 crore (Rs 2,310 crore). The 8.07 per cent-10 year-2017 paper opened at Rs 99.90 (8.08 per cent YTM) and closed at Rs 99.76 per cent (8.10 per cent YTM) against Rs 100.02 (8.06 per cent YTM) on Friday. The 7.38 per cent-8 year 2015 paper opened at Rs 95.60 (8.12 per cent YTM) and closed at Rs 95.41 (8.15 per cent YTM) against previous close of Rs 95.47 (8.13 per cent YTM) on Friday.

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