The Hindu Business Line : Bond prices up

Bond prices gained by 23 paise on expectations that liquidity could ease, said dealers. Liquidity was tight due to advance tax outflows. However, with payment of arrears to Government employees and increase in Government salaries, the liquidity is expected to improve, said a dealer with a private bank. Yields decreased due to oil prices easing to $106 per barrel from a high of $121, he added. Total traded volumes on the order matching system were higher at Rs 6,470 crore ( Rs 3,790 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 98.2 (8.51 per cent YTM) and touched an intra-day high of Rs 99.1 (8.37 per cent YTM). It closed at Rs 98.68 (8.44 per cent YTM) against the previous close of Rs 98.45 (8.47 per cent YTM). The second highly traded paper, the 7.95 per cent-24 year-2032 paper opened at Rs 89.9 (8.98 per cent YTM) and closed at Rs 90.65 (8.89 per cent YTM).

— Our Bureau

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