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Money & Banking - Govt Bonds
Bond yields gain

Our Bureau

Mumbai, April 26

Bond yields rose by about nine basis points on expectations of tighter liquidity with the second phase of the CRR hike kicking in from April 28.

"An auction of Rs 6,000 crore will also take place on Friday and drain out liquidity," said a dealer at a private bank. Volumes on the NDS-order matching system were at Rs 1,450 crore. The 8.07 per cent-10 year-2017 paper opened at Rs 100.44 (8.01 per cent YTM) and closed at Rs 100.07 (8.06 per cent YTM) against Rs 100.64 per cent (7.97 per cent YTM) on Wednesday. The 7.38 per cent-8 year 2015 paper opened at Rs 96.30 (8 per cent YTM) and closed at Rs 95.67 (8.10 per cent YTM).

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