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Mumbai, Jan. 2

The bond market maintained its gains, as liquidity in the system remained comfortable. Total traded volumes on the order matching system remained high at Rs 14,235 crore (Rs 14,835 crore). Dealers said that liquidity in the system has increased with the rise in Government spending. “Government expenditure in terms of salary payments and surplus cash from the special deposit schemes are being reflected in the system. Liquidity conditions could remain easy until March, ” said a dealer at a private bank. Market participants said that with renewed FII inflows, the RBI’s intervention in the forex market would also keep cash in surplus. The 7.99 per cent-9 year-2017 paper opened at Rs 101.7 (7.73 per cent YTM) and closed at Rs 101.63 (7.74 per cent YTM), against the previous close at Rs 101.61 (7.75 per cent YTM). The 8.33 per cent-29 year-2036 paper opened at Rs 102.85 (8.07 per cent YTM) and closed at Rs 102.83 (8.07 per cent YTM), against the previous close at Rs 102.75 (8.08 per cent YTM).

— Our Bureau

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