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Our Bureau

Mumbai, June 6

Bond prices fell by around 20 paise on profit booking. Total traded volumes on the order matching system were Rs 2,760 crore (Rs 1,900 crore). Traders were pruning their position and booking profits, said a dealer at a private bank. Market participants were also closely monitoring the outflow of excess cash from the system. "There have been outflows of around Rs 20,000 crore due to Government security auctions, Market Stabilisation and Treasury bill auctions this week. In the second half of June, advance tax outflows of around Rs 30,000 will drain additional liquidity from the system," said a dealer at a private bank.

The 8.07 per cent-10 year-2017 paper opened at Rs 99.69 (8.11 per cent YTM) and closed at Rs 99.55 (8.14 per cent YTM), against Tuesday's close at Rs 99.84 (8.09 per cent YTM). The 7.49 per cent-10 year-2017 paper opened at Rs 95.49 (8.16 per cent YTM) and closed at Rs 95.32 (8.19 per cent YTM), against the previous close at Rs 95.33 (8.16 per cent YTM).

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