The Hindu Business Line : Bonds end flat in volatile market

Bond prices ended flat in a volatile market over concerns of rising oil prices and expectations of easing liquidity conditions, said dealers. The total traded volumes on the order matching system were at Rs 6,045 crore (Rs 8,775 crore). A dealer with a private bank said there was some receiving on shorter tenors, due to which the prices of these papers moved up. But the prices of the longer papers were more or less flat. “The market was cautious in the morning; there fore bond prices opened slightly down. But they later recovered smartly because there was buying interest as banks bought securities for their SLR requirements. There are expectations that liquidity may ease next month,” said a bond dealer with a private bank. The 8.24 per cent 10-year 2018 paper opened at Rs 95.75 (8.9 per cent YTM) and closed at Rs 95.9 (8.88 per cent YTM), against the previous close of Rs 95.85 (8.88 per cent YTM). The 8.24 per cent 19-year 2027 paper opened at Rs 87 (9.77 per cent YTM) and closed at Rs 87.15 (9.75 per cent YTM), against the previous close of Rs 87.3 (9.73 per cent YTM).

— Our Bureau

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