• 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, July 24

Bond prices fell slightly during the day on profit booking after the Rs 6,000-crore government security auction. Total traded volumes on the order matching system were at Rs 3,455 crore. Dealers said that prices rose by around 70-80 paise earlier in the day. “Oil prices have cooled to $123 per barrel and international commodity prices. So, the sentiment has been positive in the past few days,” said a dealer at a private bank. Bond prices, however, fell after th e Rs 6,000-crore auction of the 10-year benchmark paper as traders booked profits. The cut-off yield, which was at 9.08 per cent, was slightly higher than the expected 9.05 per cent, dealers said. Market participants expect to see some selling ahead of the monetary policy next week. The 8.24 per cent-10 year- 2024 benchmark paper opened at Rs 95.25 (8.98 per cent YTM) and closed at Rs 94.82 (9.05 per cent YTM), against the previous close at Rs 95.01 (9.01 per cent YTM). The 8.28 per cent- 24 year-2032 paper opened at Rs 87.50 (9.63 per cent YTM) and closed at Rs 88.08 (9.56 per cent YTM).

— Our Bureau

More Stories on : Govt Bonds

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

Stories in this Section
Artha Money’s financial supermarket

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