The Hindu Business Line : Bonds gain on good buying

The bond market saw choppy trade on Tuesday. The bond prices opened 15 paise lower than the previous close due to the high oil prices. The prices, however, closed eight paise higher and the yields dropped by one basis point at the end of the day backed by the comfortable liquidity in the system. "The surplus cash in the system gave some positive sentiments to the market participants and there was good buying during the day," said a dealer at a private bank. The total traded volumes on the order matching system were at Rs 3,250 crore (Rs 2,220 crore). The 7.99 per cent-9 year-2017 paper opened at Rs 102.35 (7.63 per cent YTM) and closed at Rs 102.55 (7.60 per cent YTM) against the previous close of Rs 102.47 (7.61 per cent YTM). The 8.33 per cent-2036 paper opened at Rs 102.48 (8.10 per cent YTM) and closed at Rs 102.56 (8.10 per cent YTM), against the previous close of Rs 102.27 (8.12 per cent YTM). - Our Bureau

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