Business Daily from THE HINDU group of publications
Wednesday, Dec 19, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Dec 19, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Corporate Bonds Dull trading in bonds Mumbai, Dec 18 Bond prices showed very little movement, as traders were wary about the advance tax outflows from the system. Total traded volumes on the order matching system were at Rs 5,005 crore (Rs 3,290 crore). Dealers said that they expected advance tax outflows to the tune of Rs 30,000 crore to show on the system either this week or early next week. "There is little trading interest as the year-end is approaching. There are no scheduled auctions either until January," said a dealer at a private bank. The 7.99 per cent-10 year-2017 paper opened at Rs 100.62 (7.89 per cent YTM) and closed at Rs 100.64 (7.89 per cent YTM), against the previous close at Rs 100.62 (7.89 per cent YTM). The 8.33 per cent -29 year-2036 paper opened at Rs 101.16 (8.22 per cent YTM) and closed at Rs 101.25 (8.21 per cent YTM), against the previous close at Rs 101.13 (8.23 per cent YTM). - Our Bureau
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