Business Daily from THE HINDU group of publications
Thursday, Nov 29, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 29, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices fall by 12 paise Mumbai, Nov. 28 Bond prices fell by 12 paise due to pressure on liquidity and absence of buying support. A bond dealer with a private bank said the sudden announcement of state development loan auctions, late on Tuesday, was also seen as a negative, by market participants. The cancellation of the MSS part of the Treasury bills auction, on Wednesday, for the second time in a row was the only respite, he added. "Liquidity is also fluctuating a lot, which is adding to the bearish mood in the bond market," he added. The 7.99 per cent 10-year 2017 paper opened at Rs 100.57 (7.90 per cent YTM) and closed at Rs 10.45 (7.92 per cent YTM). The 8.35 per cent 15-year 2022 paper opened at Rs 101.41 (8.18 per cent YTM) and closed at Rs 101.34 (8.19 per cent YTM).- Our Bureau
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