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Wednesday, May 30, 2007
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Money & Banking - Govt Bonds
Bonds shed 20 paise

Our Bureau

Mumbai, May 29

Bond prices fell by around 20 paise on profit booking. Total traded volumes on the order matching system were Rs 3,120 crore (Rs 5,875 crore). Traders were booking profits after the 40 paise rally on Monday. "With surplus liquidity in the system, it now seems like a certainty that there will be a Market Stabilisation Auction next week," said a dealer at a private bank.

Market participants are also awaiting a Rs 9,000-crore government security auction which will be scheduled between June 1 and 8. The 8.07 per cent-10 year-2017 paper opened at Rs 100 (8.07 per cent YTM) and closed at Rs 99.82 (8.09 per cent YTM), against Monday's close at Rs 100.03 (8.06 per cent YTM). The 7.38 per cent-8 year-2015 paper opened at Rs 95.82 (8.08 per cent YTM) and closed at Rs 95.50 (8.13 per cent YTM), against the previous close at Rs 95.75 (8.09 per cent YTM).

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