Business Daily from THE HINDU group of publications
Friday, Dec 28, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 28, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices rally Mumbai, Dec 27 The bond prices went up by almost 19 paise and the yields rallied by 3 basis points on expectations that the liquidity situation will improve next week. "Nearly Rs 10,000 crore worth of funds will come into the system by way of the special deposit scheme, thereby pumping in some surplus cash into the system," said a bond dealer at a private bank. Dealers said that the call rates would also fall to 7 per cent levels next week on the back of the comfortable liquidity and the market would take a positive cue from it. The 7.99 per cent-10-year-2017 paper opened at Rs 100.80 (7.87 per cent YTM) and closed at Rs 101 (7.84 per cent YTM), against the previous close of Rs 100.81 (7.87 per cent YTM). The 8.33 per cent-2036 paper opened at Rs 101.20 (8.22 per cent YTM) and closed at 101.37 (8.20 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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