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Our Bureau

Mumbai, Oct. 6

Bond prices fell slightly in line with US trends. Total traded volume on the order-matching system was Rs 3,280 crore (Rs 3,150 crore). Dealers said domestic prices initially fell, tracking the drop in US T-Bill prices. The yield on US 10-year paper hardened to 4.60 per cent (4.57 per cent). Bond prices, however, recovered during the day on buying. "Traders are currently sitting light," said a dealer at a private bank. Market participants expect the Indian 10-year yield to stay in the range of 7.5 per cent and 7.75 per cent.

The inflation increased to 4.77 per cent for the week ended September 23, compared to 4.56 per cent in the previous week. The 7.59 per cent-10 year-2006 benchmark paper opened at Rs 99.92 (7.60 per cent YTM) and closed at Rs 99.95 (7.60 per cent YTM) down from Thursday's Rs 100.01 (7.58 per cent YTM). The 8.07 per cent-11 year-2107 paper opened at Rs 102.90 (7.65 per cent YTM) and closed at Rs 102.97 (7.64 per cent YTM), against Thursday's Rs 103 (7.64 per cent YTM).

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