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Money & Banking - Govt Bonds
Bonds gain on rate cut hopes

Mumbai, Nov. 18

Bond prices gained by 36 paise on Tuesday on expectations of a cut in repo and reverse repo rates. There was a lot of buying interest in the market resulting in higher volumes, said a dealer with a private bank. Total traded volumes on the order matching system were substantially higher at Rs 11,260 crore (Rs 4,870 crorehe 8.24 per cent-10 year-2018 paper opened at Rs 104.25 (7.59 per cent YTM) and touched an intra-day high of Rs 105.26 (7.66 per cent YTM). It closed at Rs 105.22 (7.45 per cent YTM), as against the previous close of Rs 104.86 (7.51 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 98.5 (8.09 per cent YTM) and closed at Rs 99.95 (7.95 per cent YTM).

— Our Bureau

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