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Money & Banking - Govt Bonds
Bond prices rise 12 paise

Our Bureau

Mumbai, May 14

Bond prices rose 12 paise and yields went down two basis points on renewed buying interest from traders. "Since the past three days, there has not been any buying and volumes have been quite thin on uncertainty over RBI's action to control the liquidity," said a dealer at a private bank. Total traded volumes on the order matching system were Rs 2,030 crore (Rs 1,205 crore). "There is a Rs 6,000-crore MSS auction on Wednesday which will drain out some liquidity from the system," said the dealer.

The 8.07 per cent - 10 year-2017 paper opened at Rs 99.30 (8.18 per cent YTM) and closed at Rs 99.44 (8.15 per cent YTM) against Rs 99.32 (8.17 per cent YTM) on Friday. The 7.38 per cent -2015 paper opened at Rs 95.25 (8.18 per cent YTM) and closed at Rs 95.25 (8.18 per cent YTM) against Friday's close of Rs 95.25 (8.18 per cent YTM).

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