Business Daily from THE HINDU group of publications
Friday, Oct 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Oct 19, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices end higher Mumbai, Oct. 18 Bond prices ended positive, though trading was lacklustre. A dealer with a public sector bank said the bond market was been dull for the last few days in the absence of positive news. Traders are waiting for the monetary policy announcement, after which the market could see some action, he said. However, most market participants feel that interest rates may see some softening and that a CRR hike may not happen. Total traded volumes on the order matching system were at Rs 2,560 crore (Rs 1,440 crore). The 7.49 per cent - 10-year-2017 benchmark paper opened at Rs 97.15 (7.92 per cent YTM) and closed at Rs 97.21 (7.91 per cent YTM) 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 100.5 (7.91 per cent YTM) and closed at Rs 100.55 (7.90 per cent YTM) against the previous close of Rs 100.42 (7.92 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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