The Hindu Business Line : Bond prices gain 15 paise

Bond prices rose by around 15 paise tracking the rally in US yields. Total traded volumes on the order matching system were at Rs 10,165 crore (Rs 4,590 crore). Dealers said the prices opened higher tracking the US bond market where the yield on the 10-year paper eased to 3.55 per cent, from the previous close at 3.62 per cent. The ample liquidity in the system also provided comfort to bond dealers. “The surplus liquidity implies more money will be deployed in the bo nd market,” said a dealer at a private bank. Market participants expect some sell-off in the 8.33 per cent –28 year-2036 paper ahead of its auction on Friday.

The 7.99 per cent-9 year-2017 paper opened at Rs 103.28 (7.49 per cent YTM) and ended at Rs 103.35 (7.49 per cent YTM), against the previous close of Rs 103.19 (7.51 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 105.60 (7.83 per cent YTM) and closed at Rs 105.87 (7.81 per cent YTM), against the previous close of Rs 105.39 (7.85 per cent YTM).

— Our Bureau

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