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Our Bureau

Mumbai, June 4

Bond prices dropped on Monday by around 10 paise and yields rose by two basis points on concerns over liquidity. "About Rs 20,000 crore will be sucked out of the banking system due to MSS, G-sec and T-bill auctions this week. This will drain out the excess liquidity in the system," said a dealer at a private bank. Total traded volumes on the order matching system were Rs 3,220 crore (Rs 3,630 crore).

The 8.07 per cent-10 year-2017 paper opened at Rs 99.72 (8.11 per cent YTM) and closed at Rs 99.89 (8.09 per cent YTM) against Friday's Rs 99.98 (8.07 per cent YTM). The 7.38 per cent-8 year-2015 paper opened at Rs 95.66 (8.11 per cent YTM) and closed at Rs 95.77 (8.09 per cent YTM) against Rs 95.78 (8.08 per cent YTM) on Friday.

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