The Hindu Business Line : Bond prices up 15 paise

Bond prices rose by around 15 paise on some buying interest later in the day. Total traded volumes on the order matching system were at Rs 5,020 crore. Market participants said that there was a bout of selling early in the day as global crude prices touched $101 per barrel. However, prices inched up to close higher as the yields on the T-bill auctions were better than expected. Dealers said that negative factors such as pressure on liquidity were now factored in and prices would stabilise at this level.

"The government's borrowing programme has been completed for the fiscal and there are no Market Stabilisation Scheme auctions expected in the immediate future. Hence, there are no concerns about further supplies to the market," said a dealer at a private bank. The 7.99 per cent-9 year-2017 paper opened at Rs 102.30 (7.64 per cent YTM) and ended at Rs 102.57 (7.60 per cent YTM), against the previous close Rs 102.41 (7.62 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 103.45 (8.02 per cent YTM) and ended at Rs 103.65 (8 per cent YTM), against the previous close at Rs 103.60 (8 per cent YTM). - Our Bureau

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