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Our Bureau

Mumbai, June 1

Bond prices rose by around 5 paise on value buying. Total traded volumes on the order matching system were at Rs 3,630 crore (Rs 4,685 crore). Dealers said the prices were range-bound during the day but ended higher as there was some value buying towards close. "Traders have been sitting light through the week and were seen building their position before the end of the trading session," said a dealer at a private bank.

With surplus cash of around Rs 45,000 - 50,000 crore in the system, dealers have been cautious about RBI action in the form of a rate hike or a Market Stabilisation Auction. The 8.07 per cent-10 year-2017 paper opened at Rs99.90 (8.08 per cent YTM) and closed at Rs 99.98 (8.07 per cent YTM), against Thursday's close of Rs 99.93 (8.08 per cent YTM). The 7.38 per cent-8 year-2015 paper opened at Rs 95.80 (8.08 per cent YTM) and closed at Rs 95.78 (8.08 per cent YTM), against the previous close of Rs 95.79 (8.09 per cent YTM).

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