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Our Bureau

Mumbai, June 20

In the bond market, there was no buying interest and sentiment was lacklustre following Monday's crash in prices.

Dealers said that traded volumes were not more than Rs 250 crore. Primary dealers sold long dated securities worth Rs 200 crore to the Central Board of Trustees, market participants said.

"In the upcoming Rs 9,000-crore g-sec auction, there is a fair chance of devolvement on the Reserve Bank of India. The yield of the 10-year benchmark paper could rise to 7.95-8 per cent after the auction," said a dealer at a private bank. The 7.59 per cent - 10-year-2016 benchmark paper opened at Rs 97.80 (7.91 per cent YTM) and ended at Rs 97.84 (7.91 per cent YTM), almost the same level as Monday's close at Rs 97.82 (7.91 per cent). The 7.40 per cent-6-year-2012 paper, which was most actively traded, opened at Rs 98.92 (7.63 per cent YTM) and closed at Rs 97.84 (7.91 per cent YTM).

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