Business Daily from THE HINDU group of publications
Wednesday, Jan 23, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Jan 23, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices rise 50 paise Mumbai, Jan 22 Bond prices rose by around 50 paise as the weakness in the domestic stock market buoyed sentiment in the debt market. Total traded volumes on the order matching system were at Rs 17,760 crore. Dealers said that prices surged by as much as a rupee in the longer dated securities. “Fundamentally speaking, the weakness in the stock market could actually signify more investment in a safer avenues like bonds. Besides, the view that the US Fed will cut rates by 0.75 percentage point is fast gaining ground,” said a dealer at a private bank. The 7.99 per cent-9 year-2017 paper opened at Rs 103 (7.54 per cent YTM) and ended at Rs 103.52 (7.47 per cent YTM), against the previous close at Rs 102.95 (7.54 per cent YTM). The 8.33 per cent-28 year-2036 opened at Rs 105.75 (7.82 per cent YTM) and ended at Rs 106.55 (7.55 per cent YTM), against the previous close at Rs 105.60 (7.83 per cent YTM).— Our Bureau More Stories on : Govt Bonds
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