Business Daily from THE HINDU group of publications Thursday, Jul 19, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond prices rise 40-80 paise
Mumbai, July 18 Bond prices surged by around 40-80 paise across securities of various maturities. Total traded volumes on the order matching system were at Rs 16,285 crore (Rs 13,485 crore). Dealers said the excess cash in the system aided the buying sentiment and buoyed prices. “The cut-off yields of the T-bill auctions were aggressive and indicated a bullish market. Despite Market Stabilisation Auctions draining liquidity, there is still surplus cash,” said a dealer at a pri vate bank. The 7.49 per cent-10 year-2017 paper opened at Rs 97.74 (7.82 per cent YTM) and closed at Rs 98.05 (7.77 per cent YTM) against the previous close of 97.59 (7.84 per cent YTM). The 8.33 per cent-29 year-2036 paper opened at Rs 99.90 (8.34 per cent YTM) and closed at Rs 100.49 (8.28 per cent YTM), against the previous close of Rs 99.76 (8.35 per cent YTM). — Our Bureau
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