Business Daily from THE HINDU group of publications
Wednesday, Jun 18, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Jun 18, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Govt Bonds Bond yields ease Mumbai, June 17 Bond yields eased on the comfort of slightly lower oil prices. Yields on the 10-year benchmark security were range-bound between 7.32 per cent and 7.38 per cent during the day. “Today’s gains were mainly due to short-term intra-day trading. Market participants are waiting for the inflation figures to be released on Friday. The chief statistician of the Government of India has also admitted that inflation will touch double digit figures and may not ease for the next three months,” said a bond dealer with a private bank. Total traded volumes on the order matching system improved slightly to Rs 3,085 crore (Rs 2,505 crore). The 8.24 per cent-10 year-2018 benchmark paper opened at Rs 99.3 (8.34 per cent) and closed at Rs 99.4 (8.33 per cent), against the previous close of Rs 99.17 (8.36 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 95.64 (8.75 per cent YTM) and closed at Rs 95.65 (8.75 per cent YTM), against the previous of Rs 95.65 (8.75 per cent YTM).— Our Bureau More Stories on : Govt Bonds
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