The Hindu Business Line : Bond yields steady on inflation

Bond prices did not see much movement during the day, as traders remained anxious about the release of inflation figures on Friday. Total traded volumes on the order-matching system were at Rs 4,545 crore (Rs 3,225 crore). Market participants did not taking any major positions in the bond market. "There could be some value-buying next week as bankers may want to improve valuation of their investment portfolio before the yearend.

That could push prices higher," said a dealer at a private bank. The 7.99 per cent -9 year-2017 paper opened at Rs 101.10 (7.82 per cent YTM) and closed at Rs 101.38 (7.77 per cent YTM), against its previous close at Rs 101.40 (7.77 per cent YTM). The 8.33 per cent -28 year-2036 paper opened at Rs 100.25 (8.30 per cent YTM) and ended at Rs 100.41 (8.29 per cent YTM), against the previous close at Rs 100.40 (8.29 per cent YTM). - Our Bureau

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