The Hindu Business Line : Bond market range-bound

The bond market was range-bound. There was no change in the market post the auction, which was on expected lines, said dealers. Although inflation for the week ended was slightly higher (4.11 per cent as on January 26, against 3.93 per cent in the previous week), it did not make much difference to the market. Total traded volumes on the order matching system were at Rs 13,195 crore (Rs 10,320 crore).

Bond prices may come down on Monday by 15-20 paise due to technical reasons, but may increase.. “All the scheduled auctions are over. Now there will be only MSS auctions, if any. So, the market may see some improvement in prices,” the dealer said. The 7.99 per cent-9 year-2017 paper opened at Rs 103.47 (7.47 per cent YTM) and closed at Rs 103.48 (7.47 per cent YTM), almost unchanged from the previous close of Rs 103.47 (7.47 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 106.3 (7.78 per cent YTM) and closed at Rs 106.45 , slightly higher than the previous close of at Rs 106.3 per cent YTM.

— Our Bureau

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