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Money & Banking - Govt Bonds
Bonds track US treasury yields

Our Bureau

Mumbai, Nov. 13

The bond prices rose almost nine paise tracking the US treasury yields. Total traded volumes on the order matching system increased to Rs 6,120 crore (Rs 3,055 crore). The drop in oil prices below $60 barrel helped bonds to strengthen, said a dealer at a private bank.

The liquidity was tight with reverse repo auction being only at Rs 2,815 crore, as against the market expectation of Rs 10,000 crore, the dealer said. "The market is expected to remain range-bound between 7.57-7.59 level,'' he said. The 7.59 per cent 10-year 2016 paper opened at Rs 100 (7.59 per cent YTM) and closed at Rs 100.01 (7.59 per cent YTM) against Rs 99.92 (7.6 per cent YTM) on Friday. The 8.07 per cent 11-year 2017 paper opened at Rs 103.58 (7.55 per cent YTM) and closed at Rs 103.67 (7.54 per cent YTM) against Friday's Rs 103.46 (7.57 YTM).

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