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Money & Banking - Govt Bonds
Bonds unchanged in lacklustre market

Mumbai, Nov. 10

The bond market was lacklustre with prices closing at almost the same level as the previous close. Prices fell during the day but recovered towards close, said bond dealers. As the paper announced for the auction is the 6.90 per cent, there is no interest in it as nobody wants to take position, said a bond dealer with a private bank. As the US treasury yields were steady, there was hardly any trigger for bond prices. The total traded volumes on the order matching system we re lower at Rs 6,205 crore (Rs 11,240 crore). The 6.90-10 year-2019 benchmark paper opened at Rs 97.4 (7.28 per cent YTM) and closed at Rs 97.22 (7.30 per cent YTM), unchanged from the close. The 6.35 per cent-11-year-2020 paper opened at Rs 90.64 (7.70 per cent YTM) and closed at Rs 90.69 (7.69 per cent YTM), against the previous close of Rs 90.6 (7.7 per cent YTM).

— Our Bureau

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