Business Daily from THE HINDU group of publications Thursday, Sep 13, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond prices range-bound Mumbai, Sept 12 Bond prices remained range-bound during the day and the yield on the 10-year paper closed at the same levels, rather unchanged from the previous close due to the surplus cash in the system. “The bond prices will remain rather unchanged till there is a suck-out of surplus liquidity by way of advanced tax outflows,” said a dealer with a private bank. The total traded volumes on the order matching system were Rs 3,395 crore (Rs 2,700 crore). The 7.49 per cent benchmark paper opened at Rs 97.25 (7.90 per cent YTM) and closed at Rs 97.27 (7.90 per cent YTM), unchanged from the previous close. The 7.99 per cent 10-year 2017 paper opened at Rs 100.75 (7.88 per cent YTM) and closed at Rs 100.83 (7.86 per cent YTM), against the previous close of Rs 100.79 (7.87 per cent YTM). — Our Bureau More Stories on : Govt Bonds
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