• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, June 9

Bond prices fell as traders were apprehensive about the sharp spike in the price of global crude. Total traded volumes on the order matching system were at Rs 3,120 crore. Dealers said that the sentiment was bearish as the high price of global crude and inflation numbers raised fears about a higher fiscal deficit and increased Government borrowing. Market participants are also closely monitoring the liquidity in the system. “From Friday, the advance tax outflows will begin sapping liquidity from the system,” said a dealer at a private bank. The 10-year yield is expected to range between 8.20 per cent and 8.30 per cent this week, dealers said. The 8.24 per cent-10 year-2018 paper opened at Rs 99.80 (8.27 per cent YTM) and closed at Rs 99.72 (8.28 per cent YTM), against the previous close at Rs 90 (8.24 per cent YTM). The 6.65 per cent-1 year -2009 paper opened at Rs 98.89 (8.06 per cent YTM) and closed at Rs 98.91 (8.03 per cent YTM).

— Our Bureau

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Vijaya Bank begins due diligence on waiver scheme

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line