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Money & Banking - Govt Bonds
Bond prices drop 57 paise

Mumbai, Aug. 8

The bond yields rose by almost 10 basis points and the prices fell by 57 paise on concerns over curbing of external commercial borrowings to modulate capital inflows. "Though the liquidity was comfortable, the sentiment was bearish in the market," said the Head of Money Markets with a private bank. The total traded volumes on the order matching system were Rs 5,460 crore (Rs 7,300 crore). The yield on the 10-year paper ended at 7.91 per cent.

The 7.49 per cent 10-year-2017 paper opened at Rs 97.25 (7.90 per cent YTM) and closed at Rs 97.19 (7.91 per cent YTM), against the previous close of Rs 97.76 (7.82 per cent YTM). The 7.99 per cent 10-year-2017 paper opened at Rs 101.00 (7.84 per cent YTM) and closed at Rs 100.65 (7.89 per cent YTM), against the previous close of Rs 101.26 (7.80 per cent YTM).

- Our Bureau

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