The Hindu Business Line : Bonds fall marginally

Bond prices fell slightly as traders lightened their positions ahead of the trust vote.Total traded volumes on the order-matching system were at Rs 1,915 crore (Rs 2,910 crore). Dealers said that there was little trading interest in the market. “The bond market is likely to remain choppy in the next few days as traders expect further monetary tightening from the RBI. There may also be low participation,” said a dealer at a private bank. The movement of bond pri ces would also depend on the price of global crude which has currently eased to $130 per barrel, added the dealer. The 8.24 per cent- 10 year-2018 paper opened at Rs 94.80 (9.07 per cent YTM) and closed at Rs 94.38 (9.12 per cent YTM), against the previous close at Rs 94.77 (9.05 per cent YTM). The 8.20 per cent-14 year-2022 paper opened at Rs 92.33 (9.20 per cent YTM) and closed at Rs 92.32 (9.20 per cent YTM).

— Our Bureau

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