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Money & Banking - Govt Bonds
Bond prices up 30 paise

Our Bureau

Mumbai, June 25

Bond prices rose 30 paise and the yields fell by about 5 basis points backed by comfortable liquidity in the system. The yield on the 10-year-paper ended at 8.18 per cent against the previous close of 8.23 per cent.

"The prices went up as the auction announced by RBI was for a relatively small amount of Rs 11,000 crore thereby giving comfort to the market players," said a dealer with a private bank. The total traded volumes on the order matching system were Rs 3,830 crore (Rs 4,290 crore). The 7.49 per cent 10-year-2017 paper opened at Rs 95.44 (8.17 per cent YTM) and closed at Rs 95.40 (8.18 per cent YTM) against the previous close of Rs 95.06 (8.23 per cent YTM). The 8.07 per cent 10-year-2017 paper opened at Rs 99.70 (8.11 per cent YTM) and closed at Rs 99.70 (8.11 per cent YTM) against the previous close of Rs 99.50 (8.14 per cent YTM).

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