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Mumbai, July 2

Bond prices went up by almost 46 paise while the 10-year yield fell by almost six basis points on hopes of comfortable liquidity in the banking system.

“There was no market stabilisation auction announced by RBI and also the notified amount for Treasury bills was reduced to Rs 500 crore from about Rs 2,000 crore. This will provide relief to the banks and help improve their liquidity conditions, ” said a dealer at a private bank. “The government security papers with shorter terms like one-year have experienced almost a 100 basis points drop, the highest in six months,” said the dealer. The volumes on the NDS-order were at Rs 11,105 crore against Rs 5,750 crore on Friday. The 7.49 per cent-10 year-2017 paper opened at Rs 95.50 (8.17 per cent YTM) and closed at Rs 95.83 (8.12 per cent YTM) against Friday’s Rs 95.37 (8.18 per cent YTM). The 7.38 per cent-2015 paper opened at Rs 98.25 (7.73 per cent YTM) and closed at Rs 98.50 (7.57 per cent YTM). —

Our Bureau

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