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Money & Banking - Govt Bonds
Bond prices gain 20 paise

Our Bureau

Mumbai, June 7

Bond prices rose around 20 paise and yields went down by about three basis points due to excess liquidity in the system. "Excess liquidity in the system has made the market players concerned over RBI's action to control liquidity," said a dealer at a private bank. Total traded volumes on the order matching system were at Rs 4,190 crore (Rs 2,760 crore).

The 8.07 per cent-10 year-2017 paper opened at Rs 99.60 (8.13 per cent YTM) and closed at Rs 99.75 (8.11 per cent YTM) against Wednesday's close of Rs 99.55 (8.14 per cent YTM). The 7.49 per cent-10 year-2017 paper opened at Rs 95.30 (8.20 per cent YTM) and closed at Rs 95.50 (8.16 per cent YTM) against the previous close of Rs 95.32 (8.19 per cent YTM) on Wednesday.

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