Business Daily from THE HINDU group of publications
Friday, Aug 29, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, Aug 29, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Debt Market Bond prices up as liquidity eases Mumbai, Aug. 28 Bond prices gained 66 paise, buoyed by huge demand for government securities. According to bond dealers, easing of liquidity in the market triggered the demand. The comfortable liquidity was evident from the fact that there were no repo bids under the RBI's liquidity adjustment facility, as banks had already covered their positions ahead of reporting on Friday. There was also a huge receiving interest in the swap market, said a dealer with a private bank. He attributed it to a big corporate house which hit the swap market with a 5 year OIS worth Rs 2,500 crore. Total traded volumes on the order matching system were higher at Rs 7,930 crore (Rs 6,045 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 95.75 (8.90 per cent YTM) and closed at Rs 96.56 (8.77 per cent YTM), against the previous close of Rs 95.9 (8.88 per cent YTM). The second highly traded security, 8.24 per cent-19 year-2027 paper, opened at Rs 87.2 (9.74 per cent YTM) and closed at Rs 88.05 (9.63 per cent YTM). - Our Bureau
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