Business Daily from THE HINDU group of publications
Friday, Jul 27, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Jul 27, 2007 ePaper |
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Money & Banking
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Govt Bonds Bonds gain on short covering
Mumbai, July 26 Bond prices rose about 15 paise and the yield fell by two basis points on short covering by traders. The yield on the 10-year paper ended at 7.8 per cent (7.82 per cent). The total traded volumes on the order matching system were Rs 5,010 crore (Rs 4,710 crore). “The yield had moved sharply over the last two days which prompted dealers to short covering. There was also a sharp fall in US treasury to 4.86 per cent from 4.92 per cent,” said a dealer with a privat e bank. The 7.49 per cent-10-year-2017 paper opened at Rs 97.75 (7.82 per cent YTM) and closed at Rs 97.92 (7.8 per cent YTM), on Thursday against the previous close of Rs 97.78 (7.82 per cent YTM). The 6.65 per cent-2009 paper opened at Rs 99.31 (7.08 per cent YTM) and closed at Rs 99.37 (7.04 per cent YTM). — Our Bureau
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