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Our Bureau

Mumbai, Aug. 4

Bond prices were range-bound but ended flat for the third consecutive day. The traded volume continued to be low at Rs 780 crore on the order-matching system. Dealers were not taking positions ahead of the Rs 9,000 crore auction and the US Federal Open Market Committee meeting, which are both scheduled on August 8.

The `when-issued' market for the Government auction on Tuesday has not seen any trades in the past two days, said dealers. The 7.59 per cent-10 year-2016 paper opened at Rs 95.40 (8.29 per cent YTM) and closed at Rs 95.42 (8.28 per cent YTM), slightly higher than Thursday's Rs 95.36 (8.29 per cent YTM. The 7.55 per cent-4 year-2010 paper opened at Rs 99.47 (7.71 per cent YTM) and closed at Rs 99.45 (7.71 per cent YTM), almost the same as Thursday's Rs 99.44 (7.72 per cent YTM).

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