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Our Bureau

Mumbai, Nov. 20

Bond prices increased on good trading volumes and tracking the US treasury yields, which were down 5 basis points. The total traded volume on the order matching system was higher at Rs 8,045 crore (Rs 3,830 crore).

Dealers said there was adequate support for government securities at these levels, which kept the prices buoyant. "Lack of negative factors and good trading interest were the reasons for the positive market," said a bond dealer with a private bank.

The 7.59 per cent, 10-year, 2016 paper opened higher at Rs 100.5 (7.51 per cent YTM) and closed at Rs 100.71 (7.48 per cent YTM) against Friday's close of Rs 100.39 (7.43 per cent YTM). The 8.07 per cent, 11-year, 2017 paper opened at 104.06 (7.49 per cent YTM) and closed at Rs 104.45 (7.44 per cent YTM) against the earlier close of Rs 103.88 (7.51 per cent YTM). The RBI had announced the re-issue of the 8.07 paper for a notified amount of Rs 5,000 crore on Friday. This paper is eligible for "When Issued" trading from November 20 to November 24. Yields on the 10-year benchmark are likely to remain around 7.5 per cent this week, said the dealer.

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