The Hindu Business Line : Bonds fall by 5 paise

Bond prices fell by around 5 paise as traders remained concerned about tight liquidity conditions. Total traded volumes on the order matching system were at Rs 4,010 crore (Rs 6,460 crore). Dealers said that there was no buying interest in the market as liquidity is likely to be under pressure. Under RBI’s liquidity adjustment facility, there was surplus cash of around Rs 2,405 crore in the system. “There is a scheduled auction of Rs 10,000 crore that will be a nnounced this week. Another CRR hike next week will really put liquidity under pressure,” said a dealer at a private bank. The weakening rupee also added to the bearish sentiment in the market, traders said. The 8.24 per cent-10 year-2018 paper opened at Rs 102.70 (7.84 per cent YTM) and ended at Rs 102.75 (7.83 per cent YTM), against the previous close at Rs 102.82 (7.82 per cent YTM). The 7.59 per cent-8 year-2016 paper opened at Rs 97.94 (7.94 per cent YTM) and ended at Rs 97.99 (7.93 per cent YTM), against the previous close at Rs 98.03 (7.93 per cent YTM).

— Our Bureau

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