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Mumbai, Aug. 31

Bond prices opened higher and went up during the day on account of lower inflation figures and expectations that liquidity conditions may ease. The market also expected the US Federal Reserve to cut interest rates, said a bond dealer with a private bank. “While there is still some concern on liquidity, there was buying interest which helped prices firm up,” he said. The wholesale price index inflation for the week ended August 18 was 3.94 per cent against 4.0 p er cent in the earlier week.

The total traded volumes on the order matching system were Rs 3, 985 crore (Rs 1,895 crore). The 7.49 per cent 10-year-2017 benchmark paper opened at Rs 96.9 (7.95 per cent YTM) and closed at Rs 97.06 (7.92 per cent YTM) against the previous close of Rs 96.80 (7.97 per cent YTM). The 7.99 per cent 10-year 2017 paper opened at Rs 100.32 (7.93 per cent YTM) and closed at Rs 100.58 (7.90 per cent YTM) against the previous close of Rs 100.25 (7.95 per cent YTM). –

Our Bureau

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