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Mumbai, Sept. 25

Bond prices closed slightly higher on improved liquidity and easing of oil price. The market is in a buying mode now, as participants see value at the current bond prices, said dealers. There was not much demand for funds as most participants had covered their positions ahead of reporting Friday, said a dealer with a private bank. Crude oil prices came down by $1-2 in the global market, which also helped bond prices. Inflation is also expected to be around the same levels as last week, he said. Total traded volumes on the order matching continued to be lower at Rs 3,455 crore (Rs 4,220 crore), due to the strike by public sector banks. The 8.24 per cent-10 year-2018 paper opened at Rs 97.75 (8.59 per cent YTM) and closed at Rs 97.87 (8.61 per cent YTM) against the previous close of Rs 97.5 (8.62 per cent YTM). The 7.95 per cent -24 year -2032 paper opened at Rs 88.3 (9.17 per cent YTM) and closed at Rs 88.55 (9.13 per cent YTM).

— Our Bureau

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