Business Daily from THE HINDU group of publications
Thursday, Dec 20, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Dec 20, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Buying interest perks up in bonds Mumbai, Dec 19 The mood in the bond market was positive, as the liquidity situation eased slightly, although prices moved up by only about 10 paise. "Although the advance tax has moved out of the system, the liquidity is not very tight. Overall liquidity looks reasonable," said a bond dealer with a private bank. While the exact amount of money that will move out of the system is not known, dealers expect it will be about Rs 35,000 crore. The fact that buyers came into the market was positive, said the dealer. But the market will watch the situation tomorrow, as it is the end of the reporting fortnight. However, it is unlikely that the liquidity will be under too much pressure, the dealer added. Total traded volumes on the order matching system were at Rs 3,785 crore (Rs 5,005 crore). The 7.99 per cent 10 year-2017 paper opened at Rs 100.62 per cent (7.90 per cent YTM) and closed at Rs 100.72 (7.88 per cent YTM), against the previous close of Rs 100.64 (7.89 per cent YTM). The 8.33 per cent-29 year 2036 paper opened at Rs 101.3 (8.21 per cent YTM) and closed at Rs 101.23 (8.22 per cent YTM), against the previous close of Rs 101.25 (8.21 per cent YTM). - Our Bureau
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