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Mumbai, Jan 25

Bond prices fell by around 20 paise as sentiment was lacklustre and volumes were thin due to limited participation from banks. Total traded volumes on the order-matching system were at Rs 5,040 crore (Rs 12,000 crore). Public sector banks and old private banks largely kept away from the bond market on account of the strike. Dealers said that they were cautious ahead of the monetary policy review on January 29. “Traders will not take any large positions ahead of RBI&# 8217;s monetary policy review. We could, in fact, see some erratic movements as the view on the monetary policy gains ground,” said a dealer at a private bank. The 7.99 per cent–9 year-2017 paper opened at Rs 103.95 (7.40 per cent YTM) and closed at Rs 103.80 (7.42 per cent YTM), against the previous close at Rs 104.07 (7.38 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 107 (7.72 per cent YTM) and closed at Rs 107.09 (7.71 per cent YTM), against the Rs 107.41 (7.68 per cent YTM).

— Our Bureau

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