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Mumbai, Aug. 25

Bond prices gained by 55 paise on Monday due to expectations of slowdown in oil prices, said bond dealers.

Bond prices opened higher by 80 paise compared to Friday’s close. But, later on, prices fell by around 50 paise on profit booking by investors, said a dealer with a private bank. However, it gained around 20 paise on short covering during the la st half hour of trade, added the dealer. Bond dealers expect another round of rate hike by the Reserve Bank of India in the coming months. Total traded volumes on the order matching system were at Rs 5,885 crore (Rs 5,835 crore).

The 8.24 per cent-10 year-2018 paper opened at Rs 95.5 (8.94 per cent YTM), which was also the day’s high. It closed at Rs 95.3 (8.97 per cent YTM) against the previous close of Rs 94.75 per cent (9.06 per cent YTM). The second highly traded security, the 8.24 per cent-19 year-2027 paper opened at Rs 87 (9.77 per cent YTM) and closed at Rs 86.33 (9.86 per cent YTM). – Our Bureau

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