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Mumbai, July 12

Bond prices were range bound as traders were wary of RBI action to sterilise excess liquidity on Friday. Total traded volumes were at Rs 4,855 crore (Rs 5,790 crore). Dealers said that prices opened lower, tracking the hardening in the US 10-year yield, which inched up to 5.09 per cent, from 5 per cent. “Prices remained range bound during the day as traders were cautious about RBI announcements of Market Stabilisation Scheme auctions on Friday. Since the central bank has been intervening in the forex market in the past few days and creating rupee liquidity, market participants are anxious,” said a dealer at a private bank. The 7.49 per cent-10 year-2017 paper opened at Rs 97 (7.93 per cent YTM) and ended at Rs 97.11 (7.92 per cent YTM), against the previous close of Rs 97. 06 (7.92 per cent YTM). The 7.99 per cent-10 year-2017 paper opened at Rs 97 (7.93 per cent YTM) and ended at Rs 97.11 (7.92 per cent YTM), against the previous close of Rs 100.73 (7.89 per cent YTM). —

Our Bureau

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