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Money & Banking - Govt Bonds
Bond yields fall

Mumbai, July 11

Bond yields dropped by around one basis point tracking the US yields, which fell by about 10 basis points to 5 per cent. According to a dealer at a private bank, “Comfortable liquidity in the system also helped the bond prices strengthen. The bonds opened around 30 paise higher.” The total traded volumes on the order matching system were Rs 5,790 crore (Rs 7,720 crore). The 7.49 per cent 10-year 2017 paper opened at Rs 96.5 (8 per cent YTM) and closed at Rs 97. 06 (7.92 per cent YTM) against Rs 97.02 (7.93 per cent YTM) on Tuesday. The 7.99 per cent 10-year 2017 paper opened at Rs 100.80 (7.88 per cent YTM) and closed at Rs 100.73 (7.89 per cent YTM) against yesterday’s close of Rs 100.67 (7.89 per cent YTM).

— Our Bureau

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