Business Daily from THE HINDU group of publications
Tuesday, Dec 25, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Dec 25, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bonds unchanged in listless trade Mumbai, Dec 24 Bond prices were almost unchanged as sentiment remained lacklustre. Total traded volumes on the order matching system were at Rs 1,905 crore (Rs 4,785 crore). Dealers said the improvement in liquidity, compared to Friday was a positive sign. "Liquidity should improve in January with Government spending. Traders are hoping that FII and FDI related inflows into the market will resume in the New Year," said a dealer at a private bank. Bond yields are expected to remain flat for the rest of the week on account of the year-end. The 7.99 per cent-10 year-2017 paper opened at Rs 100.80 (7.87 per cent YTM) and closed at Rs 100.827 (7.86 per cent YTM), against the previous close at Rs 100.80 (7.87 per cent YTM). The 5.87 per cent-3 year-2010 paper opened at Rs 96.56 (7.74 per cent YTM) and closed at Rs 96.56 (7.74 per cent YTM), against the previous close at Rs 96.54 (7.75 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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