The Hindu Business Line : Bond prices fall

Bond prices fell as traders were consolidating their gains after a week of continuous rally. Total traded volumes on the order matching system were at Rs 9,800 crore (Rs 11, 825 crore). “Bond prices have gained by around Rs 2 since the annual monetary Policy. So, some profit booking was inevitable,” said a dealer at a private bank. Market participants expect the positive momentum in bond prices to continue this week as there is substantial liquidity in the sys tem. The 8.24 per cent-10 year-2017 paper opened at Rs 103.05 (7.79 per cent YTM) and ended at Rs 102.86 (7.82 per cent YTM) against the previous close at Rs 103.05 (7.79 per cent). The 7.38 per cent-7 year-2015 paper opened at Rs 97.35 (7.86 per cent YTM) and ended at Rs 97.40 (7.85 per cent YTM), against the previous close at Rs 97.34 (7.86 per cent YTM).

— Our Bureau

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