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Our Bureau

Mumbai, Jan. 29

Bond prices fell by more than 15 paise ahead of the quarterly review of the monetary policy on Wednesday. Total traded volumes on the order matching system were Rs 1,050 crore. Market participants were apprehensive ahead of the monetary policy and were cutting their positions. The domestic bond market was also tracking the hardening US 10-year yield, which inched up to 4.87 per cent (4.8 per cent). "Traders were staying light ahead of the policy review. The view is that the central bank is likely to hike the reverse-repo and repo rates," said a dealer at a private bank.

The 8.07 per cent-10 year-2017 benchmark paper opened at Rs 101.12 (7.9 per cent YTM) and closed at Rs 101.14 (7.9 per cent YTM), down from the previous close at Rs 101.32 (7.87 per cent YTM). The 7.59 per cent-9 year-2016 paper opened at Rs 98.10 (7.88 per cent YTM) and closed at Rs 97.97 (7.9 per cent YTM), against the previous close at Rs 98.24 (7.86 per cent YTM).

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