The Hindu Business Line : Bond markets end flat

The bond market ended flat amidst concerns over the liquidity in the system. "There was some active trade seen only in the 7.99 per cent paper while other papers remained lacklustre," said Mr Vijay Anand, Associate Vice-President, Development Credit Bank.

Dealers said that the market was wary about the liquidity conditions post the first round of advanced tax outflows on Saturday.

"There was some selling seen during the day and people were cutting their positions," said a dealer. The total traded volumes on the order matching system were at Rs 1,450 crore (Rs 1,990 crore).

The 7.99 per cent-9 year-2017 paper opened at Rs 102.60 (7.59 per cent YTM) and closed at Rs 102.39 (7.62 per cent YTM), unchanged from the previous close of Rs 102.39 (7.62 per cent YTM). The 8.33 per cent-2036 paper opened at Rs 102.30 (8.12 per cent YTM) and closed at Rs 102.30 (8.12 per cent YTM), against the previous close of Rs 102.3 (8.11 per cent YTM). - Our Bureau

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