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Money & Banking - Govt Bonds
Bond prices volatile

Mumbai, Oct. 15

Bond prices gained but the mood in the market was jittery on expectations of further measures to ease the liquidity crunch. Prices fell by Re 1 in intra-day trade, but closed slightly higher.

There was heavy receiving in the shorter end treasury bills in anticipation of further measures to be announced by the RBI, said a bond dealer with a private bank. The total traded volumes on the order matching system were at Rs 3,690 crore, (Rs 3,405 crore).

The 8.24 per cent-10 year-2018 paper opened at Rs 102.35 (7.88 per cent YTM) and closed at Rs 102.2 (7.90 per cent YTM), slightly higher against the previous close of Rs 101.95 (7.94 per cent YTM). During trade it touched a low of Rs 101.3 (8.04 per cent YTM). The 7.94 per cent-13 year-2021 paper opened at Rs 97.35 (8.38 per cent YTM) and closed at Rs 96.6 (8.38 per cent YTM), against the previous close of Rs 96.5 (8.39 per cent YTM). It touched a low of Rs 95.75 (8.49 per cent YTM) during the day. –

Our Bureau

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