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Mumbai, July 3

Bond prices fell by around 20 paise as traders were jittery ahead of the Rs 10,000 crore auction as well as the release of domestic inflation figures on Friday. Total traded volumes on the order matching system were at Rs 1,185 crore (Rs 1,025 crore). Market participants said that there would be good investor interest in the Rs 6,000 crore auction of 8.24 per cent-10 year -2018 paper which will be reissued on Friday. However, prices are likely to remain volatile.

“The sentiment is bearish as the price of global crude has shot up to $146 per barrel and inflation continues to be under pressure,” said a dealer at a private bank.The 8.24 per cent -10 year-2024 paper opened at Rs 96.20 (8.82 per cent YTM) and closed a Rs 96.26 (8.881 per cent YTM), against the previous close Rs 96.48 (8.78 per cent YTM). The 7.38 cent-7 year-2015 paper opened at Rs 90.70 (9.18 per cent YTM) and closed at Rs 90.65 (9.19 per cent YTM). –

Our Bureau

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