The Hindu Business Line : Bond prices move up

Bond prices moved up by 45-50 paise on renewed buying interest. Total traded volumes on the ordermatching system were at Rs 8,260 crore (Rs 3,250 crore). Dealers said that the RBI's announcement of additional repo auctions on March 14 and 17 for managing liquidity, propped up prices. "Banks have also been buying heavily to meet their Statutory Liquidity Ratio requirements," said a dealer at a private bank. The 7.99 per cent- 10 year-2017 paper opened at Rs 102.50 (7.61 per cent YTM) and closed at Rs 102.96 (7.54 per cent), against the previous close at Rs 102.55 (7.60 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 102.50 (8.10 per cent YTM) and closed at Rs 103.39 (8.02 per cent YTM), against the previous close at Rs 102.56 (8.10 per cent YTM). - Our Bureau

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