Business Daily from THE HINDU group of publications
Thursday, Sep 27, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Sep 27, 2007 ePaper |
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Money & Banking
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Debt Market Bond market flat Our bureau Mumbai, Sept. 26 The bond market was flat with prices moving in a 10-paise band. Volumes were less in the first half of trade because of the auction announcements of government papers and picked up only after the auction results, said dealers. "As the amounts involved in the auction were huge, the market was a bit inactive in the morning. There was a little bit of bearishness, but the market recovered later," said a bond dealer with a public sector bank. The total traded volumes on the order matching system were Rs 2,610 crore (Rs 3,015 crore). The RBI announced the auction of government papers worth Rs 10,000 crore and treasury bills worth Rs 6,500 crore under its Market Stabilisation Scheme. The 7.49 per cent 10-year benchmark paper opened at Rs 97.20 (7.91 per cent YTM) and closed at Rs 97.25 (7.90 per cent), against the previous close of Rs 97.10 (7.93 per cent YTM). The 7.99 per cent 10-year-2017 paper opened at Rs 100.60 (7.9 per cent YTM) and closed at Rs 100.65 (7.89 per cent YTM), against the previous close of Rs 100.52 (7.91 per cent YTM).More Stories on : Debt Market
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