Business Daily from THE HINDU group of publications Thursday, Jun 28, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond prices fall on tight liquidity
Mumbai, June 27 The bond prices dipped by 20 paise and the yields went up by three basis points on Wednesday spurred by the tight liquidity in the system. “The tight liquidity and the high rate of interest in the call market has made the market participants jittery,” said a dealer with a private bank. The yield on the 10-year-paper closed at 8.23 per cent against the previous close of 8.2 per cent. The total traded volumes on the order matching system were Rs 1,840 crore (Rs 3 ,780 crore). The 7.49 per cent 10-year-2017 paper opened at Rs 95.20 (8.21 per cent YTM) and closed at Rs 95.04 (8.23 per cent YTM) against Tuesday’s close of Rs 95.24 (8.20 per cent YTM). The 8.07 per cent 10-year-2017 paper opened at Rs 99.30 (8.18 per cent YTM) and closed at Rs 99.20 (8.19 per cent YTM) against the previous close of Rs 99.40 (8.16 per cent YTM). — Our Bureau
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