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Our Bureau

Mumbai, May 7

Bond prices closed higher by 5-10 paise on an improvement in liquidity. Total traded volumes on the order-matching system were around Rs 900 crore (Rs 1,080 crore).

Dealers said with call rates cooling from 8-9 per cent last week to 6-7 per cent, bond prices slightly edged up. "There may not be much buying interest in the next few days as there is a Rs 2,000-crore Market Stabilisation Scheme auction on May 9 and a Rs 10,000-crore government securities auction on May 11.

Traders will be cautious," said a dealer at a private bank. The 8.07 per cent-10 year-2017 paper opened at Rs 99.37 (8.16 per cent YTM) and closed at Rs 99.48 (8.14 per cent YTM), against the previous close of Rs 99.39 (8.15 per cent YTM). The 6.65 per cent - 2 year-2009 paper opened at Rs 97.57 (8.04 per cent YTM) and closed at Rs 97.59 (8.03 per cent YTM).

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