Business Daily from THE HINDU group of publications
Wednesday, Oct 24, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Oct 24, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices close higher Mumbai, Oct 22 Bond prices continued to move upwards with prices closing about 25 paise higher. The bond market has been seeing good volumes for the last couple of days on the back of positive sentiment, said dealers. "The market looks slightly overdone and yields should have stopped at 7.84, but they went down to 7.82. There is no particular reason that is affecting the market," said a bond dealer with a private bank. The total traded volumes on the order matching system were Rs 9,065 crore (Rs 6,230 crore). Excess liquidity through inflow from foreign funds too may be slowing down, as most FIIs have reached their limits and don't have much room for further buying, said the dealer. "We have to wait for October 25, which is the settlement date for the equity futures and options, before deciding the future action," he said. The 7.49 per cent-10-year-2017 paper opened at Rs 97.43 (7.88 per cent YTM) and closed at Rs 97.61 (7.85 per cent YTM) against the previous close of Rs 97.43 (7.88 per cent YTM). The 7.99 per cent-10-year-2017 paper opened at Rs 100.87 (7.86 per cent YTM) and closed at Rs 101.11 (7.82 per cent YTM) against the previous close of Rs 100.85 (7.86 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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