Business Daily from THE HINDU group of publications Saturday, Jul 21, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond prices up on excess liquidity
Mumbai, July 20 Bond prices went up by about 13 paise and the yield fell by two basis points on Friday backed by surplus liquidity in the system. “The ample liquidity in the system and the bullish cut-off from auction were the main reasons for the movement in the market today,” said a dealer with a private bank. The total traded volumes on the order matching system were Rs 7,995 crore (Rs 8,595 crore). The yield on the 10-year paper ended at 7.81 per cent (7.83 per cent). The 7.49 per cent-10-year-2017 paper opened at Rs 97.60 (7.84 per cent YTM) and closed at Rs 97.81 (7.81 per cent YTM) against the previous close of Rs 97.68 (7.83 per cent YTM). The 8.33 per cent-29 year-2036 paper opened at Rs 100.05 (8.32 per cent YTM) and closed at Rs 100.10 (8.32 per cent YTM) against the previous close of Rs 99.90 (8.34 per cent YTM). — Our Bureau
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