Business Daily from THE HINDU group of publications
Friday, Dec 21, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 21, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices rise as liquidity eases Mumbai, Dec 20 The bond prices went up by eight paise and the yields fell by one basis point on Thursday backed by the comfortable liquidity in the system. A dealer at a private bank said that there was some correction in short-term yields ranging from three-to-10 years. "Yields in those categories softened to some extent," said the dealer. The undertone in the market was bullish backed by the comfortable liquidity. "The market was expecting a cash crunch following the advanced tax outflows of about Rs 35,000 crore, however, the liquidity was quite comfortable giving positive cue to the market," the dealer said. The total traded volumes on the order matching system were at Rs 4,785 crore (Rs 3,785 crore). The 7.99 per cent 10-year-2017 paper opened at Rs 100.75 (7.88 per cent YTM) and closed at Rs 100.80 (7.87 per cent YTM), against the previous close of Rs 100.72 (7.88 per cent YTM). The 5.87 per cent-2010 paper opened at Rs 96.46 (7.91 per cent YTM) and closed at Rs 96.54 (7.75 per cent YTM). - Our Bureau
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