The Hindu Business Line : Bond yields fall

Bond prices rose on the easing of crude oil prices and rumours of no hike in repo rates by the RBI. Prices opened with an upward bias and kept on rising. Though prices did go down briefly when some market participants sold bonds to book profit, for the most of day, there was just one-way movement prompted by buying, said a dealer with a private sector bank. "Bond prices next week will depend on the crude oil price and any comments from the RBI or the Finance Minsiter," he said. Total traded volumes on the order-matching system were at Rs 3,945 crore (Rs 2,785 crore). The 8.24 per cent -10 year-2018 paper opened at Rs 94 (9.18 per cent YTM) and closed at Rs 94.54 (9.02 per cent YTM), against the previous close of Rs 93.74 (9.22 per cent YTM). The 5.87 per cent -2 year-2010 paper opened at Rs 95.44 (9.30 per cent YTM) and closed at Rs 95.50 (9.26 per cent YTM) against the previous close of Rs 95.35 (9.36 per cent YTM). - Our Bureau

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