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Money & Banking - Debt Market
Bond prices decline

Mumbai, Aug. 24

Our Bureau

Bond prices fell by over 5 paise on statements made by the Finance Minister about containing inflation. Total traded volumes on the order matching system were Rs 3,320 crore (Rs 6,110 crore). Dealers said bond prices opened on a bullish note but fell before closing as the Finance Minister made statements about curbing inflation by cutting taxes and undertaking monetary measures.

Domestic inflation was at 4.10 per cent for the week ended August 11, higher than the expected 4.05 per cent. This added to the negative sentiment during the day, traders said.

The 7.49 per cent-10 year-2017 paper opened at Rs 100.68 (7.89 per cent YTM) and ended at Rs 97 (7.94 per cent YTM), against the previous close at Rs 97.07 (7.93 per cent YTM). The 7.99 per cent-10 year-2017 paper opened atRs 100.68 (7.89 per cent YTM) and ended at Rs 100.50 (7.91 per cent YTM), against the previous close at Rs 100.53 (7.91 per cent YTM). - Our Bureau

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