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Money & Banking - Govt Bonds
Bond market lacklustre

Mumbai, Oct. 16

The bond market was lacklustre as there was not much interest in trading, said bond dealers. “There was no change since yesterday and no external factors either affecting the market. Although liquidity was comfortable, volumes were subdued. I expect the market to remain this way till the monetary policy review, after which there will be fresh direction,” said a bond dealer with a private bank. The total traded volumes on the order matching system were Rs 1,305 crore (Rs 1,830 crore). The benchmark 7.49 per cent – 10-year-2017 paper opened and closed at Rs 97.15 (7.92 per cent YTM), unchanged from Monday’s level. The 7.99 per cent-10-year-2017 paper opened at Rs 100.5 (7.91 per cent YTM) and closed at Rs 100.49 (7.91 per cent YTM) down from the earlier close of Rs 100.57 (7.9 per cent YTM). —

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