The Hindu Business Line : Bond prices fall

Bond prices fell as traders were cautious ahead of scheduled auctions next week. Total traded volumes on the order-matching system were at Rs 1,895 crore (Rs 2,385 crore ). Dealers said that despite the lower inflation numbers, trading sentiment remained negative. “There are scheduled auctions worth Rs 13,000 crore next week. The RBI could also announce additional Market Stabilisation Scheme auctions,” said a dealer at a private bank.

The price of global crude which touched $115 per barrel was also a negative factor for bond dealers. Market participants said that they traders may not take any major positions ahead of the monetary policy.

The 7.38 per cent- 7 year-2015 paper opened at Rs 95.90 (8.13 per cent YTM) and ended at Rs 95.95 (8.12 per cent YTM), against the previous close at Rs 96 (8.11 per cent YTM). The 7.99 per cent -9 year-2017 paper opened at Rs 99.30 (8.096 per cent YTM) and ended at Rs 99.7 (8.12 per cent YTM), against the previous close at Rs 99.4 (8.08 per cent YTM). – Our Bureau

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