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Money & Banking - Govt Bonds
Bond prices gain 23 paise

Our Bureau

Mumbai, May 15

Bond prices rose by around 23 paise and yields went down by three basis points on improving liquidity in the banking system. Total traded volumes on the order matching system increased to Rs 3,550 crore (Rs 2,030 crore). "The market expects liquidity to remain tight after the Rs 6,000-crore auction on Wednesday. The 10-year yield is likely to trade at 8.15 during the week," said the dealer.

The 8.07 per cent - 10 year-2017 paper opened at Rs 99.40 (8.16 per cent YTM) and closed at Rs 99.67 (8.12 per cent YTM) against Monday's 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 95.28 (8.18 per cent YTM) and closed at Rs 95.38 (8.16 per cent YTM) against Monday's Rs 95.25 (8.18 per cent YTM).

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