Business Daily from THE HINDU group of publications Tuesday, Dec 04, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices up as liquidity eases Mumbai, Dec 3 The bond market was positive as liquidity conditions improved. Yields on the actively traded Government papers fell by three basis points. A bond dealer with a foreign bank said, “There was comfort coming from improved liquidity and easing of call rates.” Total traded volumes on the order-matching system were Rs 6,890 crore (Rs 3,145 crore). “Going ahead, liquidity will be a major concern. The third week of December will see the advance tax outflow, which could drain some funds,” he added. The 7.99 per cent 10-year paper opened at Rs 100.62 (7.89 per cent YTM) and closed at Rs 100.73 (7.88 per cent YTM) against the previous close of Rs 100.52 (7.91 per cent YTM). The 8.20 per cent –15 year-2022 paper, opened at Rs 100.61 (8.12 per cent YTM) and closed at Rs 100.84 (8.10 per cent YTM) against the earlier close of Rs 100.47 (8.14 per cent YTM). — Our Bureau More Stories on : Govt Bonds
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