Business Daily from THE HINDU group of publications
Thursday, Nov 01, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 01, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices up Mumbai, Oct. 31 Bond prices rose by around 5-10 paise as the RBI rejected bids in the 91-day and 182-day Treasury Bill auctions held today. Total traded volumes on the order-matching system were at Rs 4,130 crore. Dealers said that selling pressure earlier in the day caused prices to fall. Sentiment was negative because the surplus cash in the system was lower at Rs 5,015 crore, compared to Rs 18,000-Rs 20,000 cash reported last week. Later, the RBI’s rejection of bids worth around Rs 4,600 crore (out of the auction size of Rs 6,000 crore), which was the amount under the Market Stabilisation Scheme Auction of T-bills, aided the positive sentiment. “Traders began to feel that RBI was trying to preserve liquidity in the system,” said a dealer at a private bank. The 7.99 per cent –10 year-2017 paper opened at Rs 97.37 (7.89 per cent YTM) and closed at Rs 97.54 (7.86 per cent YTM), against the previous close at Rs 100.85 (7.86 per cent YTM). The 7.49 per cent –10 year-2017 paper opened at Rs 97.37 (7.89 per cent YTM) and closed at Rs 97.54 (7.86 per cent YTM), against the previous close at Rs 97.50 (7.87 per cent YTM).— Our Bureau More Stories on : Govt Bonds
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