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Mumbai, Feb. 2

Bond prices fell on Monday, after market participants sold G-secs in anticipation that the Government will step up borrowings. The new 10-year paper, 6.05 per cent-2019 paper, opened at Rs 101.25 (5.88 per cent YTM) and touched an intra-day high of Rs 101.78 (5.81 per cent YTM). It closed at Rs 101.10 (5.90 per cent YTM). The prices rose in the first half of trade.

However, large-scale selling in the last half hour of trade brought down prices, said a dealer with a private bank. The 8.24 per cent-2018 paper also witnessed high volumes as participants tried to offload the security from their portfolio and replace it with the new 10 year paper. The old benchmark opened at Rs 114.80 (6.11 per cent YTM) and closed at Rs 114.01 (6.21 per cent YTM). Total orders on the matching system were at Rs 8,760 crore.

— Our Bureau

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