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Mumbai, Aug. 17

Bond prices rallied by around 50 paise on the back of the gains made by the US treasury bills. Dealers said that the consumer price index data and the industrial production data was worse than expected, which caused the US ten-year yields to ease from 4.93 per cent to 4.86 per cent. . Market participants expect the Rs 8,000 crore auction on Friday to sail through comfortably as banks are likely to lap up the medium dated security — 8.07 per cent-11 year-2017 paper. "The 10-year yields could ease to 8 per cent if the positive sentiment continues," said a dealer. The 7.59 per cent-10 year-2016 paper opened at Rs 96.90 (8.05 per cent YTM) and closed at Rs 97.15 (8.02 per cent YTM), against Wednesday's Rs 96.66 (8.09 per cent YTM). The 9.39 per cent-5 year-2011 paper opened at Rs 107.03 and closed at Rs 107.11 (7.63 per cent YTM), against Rs 107.12(7.61 per cent YTM), against Wednesday's close at Rs 108.80 (7.69 per cent YTM).

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