The Hindu Business Line : Bonds close higher

Bond prices closed higher, but lost about 45 paise in intra-day trade, as inflation rose marginally. Inflation for the week ended October 25, rose marginally to 10.72 per cent from 10.68 per cent the week before. The market was expecting inflation to touch 10.45 per cent. “Inflation has not eased but has only remained steady despite measures taken by the RBI and Government. That is why the market has reacted negatively to the inflation figures,” said a bond dea ler with a private bank. Total traded volumes on the order matching system were Rs 4,725 crore. The 8.24 per cent 10-year 2018 paper opened at Rs 103.25 (7.75 per cent YTM) and closed at Rs 103.50 (7.71 per cent YTM), against the previous close of Rs 103.18 (7.76 per cent YTM). It touched an intra-day high of Rs 103.85 (7.66 per cent YTM). The 7.56 per cent 6-year 2014 paper opened at Rs 100.51 (7.45 per cent YTM) and closed at Rs 100.6 (7.43 per cent YTM).

— Our Bureau

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