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Money & Banking - Govt Bonds
Bond prices rise 35 paise

Mumbai, June 28

The bond prices rose about 35 paise and the yields fell by five basis points. “The surplus cash has been sucked out leaving the liquidity in the system at a low level and under such a situation, the central bank might not announce a Market Stabilisation Scheme auction. This has given some comfort to the market players,” said a dealer with a private bank. The yield on the 10-year-paper closed at 8.18 per cent against the previous close of 8.23 per cent. The tota l traded volumes on the order matching system were Rs 4,835 crore (Rs 1,840 crore). The 7.49 per cent 10-year-2017 paper opened at Rs 95.05 (8.23 per cent YTM) and closed at Rs 95.37 (8.18 per cent YTM) on Thursday against the previous close of Rs 95.04 (8.23 per cent YTM). The 8.07 per cent 10-year-2017 paper opened at Rs 99.39 (8.16 per cent YTM) and closed at Rs 99.50 (8.15 per cent YTM) against the previous close of Rs 99.20 (8.19 per cent YTM). —

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