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Money & Banking - Govt Bonds
Bond prices edge up

Mumbai, Nov. 16

Bond prices rose slightly but there was little trading interest in the market. Total traded volumes on the order-matching system were at Rs 1,080 crore (Rs 1,045 crore). Dealers said liquidity remained a concern as banks borrowed around Rs 30,655 crore from the RBI. “Traders were cautious as usually Market Stabilisation Scheme auction announcements are made on Friday. But most traders were of the view that there may not be any auction as liquidity is under pressure,& #8221; said a dealer at a private bank.

The 7.99 per cent-10 year-2017 paper opened at Rs 100.68 (7.88 per cent YTM) and closed at Rs 100.72 (7.88 per cent YTM), against the previous close of Rs 100.67 (7.89 per cent YTM). The 7.49 per cent –10 year-2017 paper opened at Rs 97.33 (7.89 per cent YTM) and closed at Rs 97.30 (7.90 per cent YTM), against the previous close of Rs 97.27 (7.90 per cent YTM).

— Our Bureau

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