Business Daily from THE HINDU group of publications
Tuesday, Dec 18, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Dec 18, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices stay rangebound Mumbai, Dec 17 Bond prices were range bound, as traders were cautious ahead of the advance tax outflows from the system. Total traded volumes on the order-matching system were at Rs 3,290 crore. Dealers said that the effect of the advance tax outflows would tell on the system in the next few days. "Traders are not taking any fresh positions. If the liquidity in the system remains comfortable in the next few days then there could be some renewed buying interest in the bond market," said a dealer at a private bank. Market participants said that the yields on the longer end of the curve (over15- year papers) have been easing and there has been trading interest in this segment. The 8.33 per cent-29 year-2036 paper opened at Rs 101.16 (8.22 per cent YTM) and closed at Rs 101.13 (8.23 per cent YTM), against the previous close of Rs 101.02 (8.23 per cent YTM). The 7.99 per cent-10 year-2017 paper opened at Rs 100.60 (7.898 per cent YTM) and closed at Rs 100.62 (7.89 per cent YTM), against the previous close of Rs 100.625 (7.89 per cent YTM). - Our Bureau
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