Business Daily from THE HINDU group of publications
Thursday, Jan 10, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Jan 10, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices gain Mumbai, Jan 9 Bond prices gained as sentiment was buoyed by the comfortable liquidity in the system. Total traded volumes on the order matching system were at Rs 10,610 crore (Rs 10,915 crore). Dealers said that around Rs 18,000 crore of surplus cash in the system put traders at ease ahead of the Rs 10,000 crore auction on Friday. The cut off-yields of the 91- day and 182 treasury bills were as per expectation. Market participants said there was some bargain buying in the 7.99 per cent -9 year-2017 paper which will be auctioned on Friday. "The global cues were also positive as speculation is gaining ground about a 25-50 basis point cut in the US interest rate," said a dealer at a private bank. The 7.99 per cent -9- year-2017 paper opened at Rs 102.16 (7.66 per cent YTM) and closed at Rs 102.28 (7.65 per cent YTM), against the previous close at Rs 102.08 (7.68 per cent YTM). The 5.87 per cent -2 year-2010 paper opened at Rs 97.15 (7.44 per cent YTM) and closed at Rs 97.03 (7.51 per cent YTM). - Our Bureau
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