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Our Bureau

Mumbai, May 9

Bond prices rose by 15 paise and yields came down two basis points on easy money supplies. "There is an auction of Rs 10,000 crore on Friday which is likely to drain out excess cash from the system," said a dealer at a private bank.

Volumes on the NDS-order matching were at Rs 3,030 crore (Rs 2,515 crore). The 10-year yield is likely to trade in the range of 8-8.15 per cent, said the dealer. The 8.07 per cent-10 year-2017 paper opened at Rs 99.77 (8.11 per cent YTM) and closed at Rs 99.92 (8.08 per cent YTM) against Rs 99.77 (8.10 per cent YTM) on Tuesday. The 7.55 per cent- 2010 paper opened at Rs 98.67 (8.06 per cent YTM) and closed at Rs 98.79 (8.01 per cent YTM).

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