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Our Bureau

Mumbai, June 21

Bond prices rose about 10 paise and yields fell by one basis point driven by the surplus liquidity in the system. The yield on the 10-year-paper ended at 8.23 per cent on Thursday against the previous close of 8.24 per cent. "Government has to pay to the RBI Rs 40,000 crore to buy a stake in State Bank of India. The central bank might announce auctions to raise the sufficient amount," said a dealer with a private bank. The total traded volumes on the order matching system were Rs 4,370 crore (Rs 4,365 crore). The 7.49 per cent 10-year-paper opened at Rs 94.81 (8.27 per cent YTM) and closed at Rs 95.08 (8.23 per cent) against the previous close of Rs 94.98 (8.24 per cent YTM). The 8.07 per cent 10-year-paper opened at Rs 98.85 (8.24 per cent YTM) and closed at Rs 99.50 (8.14 per cent YTM) against the previous close of Rs 99.45 (8.14 per cent).

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