Business Daily from THE HINDU group of publications Wednesday, Jul 04, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond prices up on ample liquidity
Mumbai, July 3 Bond prices went up by 15 paise and the yields on the 10-year paper fell by about three basis points on profit taking by traders. “The ample liquidity in the system along with the absence of Market Stabilisation Scheme auction has driven the market,” said a dealer with a private bank. The total traded volumes on the order matching system were at Rs 8,410 crore (Rs 11,105 crore). The yield on the 10-year paper ended at 8.09 per cent on Tuesday against the previo us close of 8.12 per cent. The 7.49 per cent 10-year-2017 paper opened at Rs 95.89 (8.10 per cent YTM) and closed at Rs 95.97 (8.09 per cent YTM) against the previous close of Rs 95.83 (8.12 per cent YTM). The 6.65 per cent 2009 paper opened at Rs 98.50 (7.57 per cent YTM) and closed at Rs 98.59 (7.51 per cent YTM). — Our Bureau
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