The Hindu Business Line : Yields harden by 5 bps

The bond prices fell by 32 paise and the yields hardened by five basis points as the market was wary of rising price pressures from food and oil. The total traded volumes on the order matching system were at Rs 4,065 crore (Rs 6,615 crore). The state loan auction of about Rs 4,349 crore to be conducted on Friday also kept the market subdued. "The auction announcement and expectations that inflation could rise in the coming weeks made traders cautious," said a dealer at a private bank. The 7.99 per cent-9 year-2017 paper opened at Rs 102.90 (7.55 per cent YTM) and closed at Rs 102.71 (7.58 per cent YTM), against the previous close of Rs 103.03 (7.53 per cent YTM). The 8.33 per cent-2036 paper opened at Rs 104.44 (7.93 per cent YTM) and closed at Rs 103.41 (8.02 per cent YTM), against the previous close of Rs 104.45 (7.93 per cent YTM). Our Bureau

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