Business Daily from THE HINDU group of publications
Friday, Jan 25, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Jan 25, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bonds rangebound Mumbai, Jan. 24 The bond market saw movement of around 40 paise in intra-day trade. Prices closed more or less at the same levels as the previous day’s. Total traded volumes in the order matching system were Rs 12,000 crore. A bond dealer with a private bank said that most market participants have booked profits ahead of the monetary policy. “The market is divided over whether the RBI will cut rates or increase or maintain status quo,” he said. The 7.99 per cent 10-year benchmark paper opened at Rs 103.93 (7.40 per cent YTM) and closed at Rs 104.07 (7.38 per cent YTM) against the previous close of Rs 104.00. The 8.33 per cent 29-year 2036 paper opened at Rs 107.3 (7.68 per cent YTM) and closed at Rs 107.41 (7.68 per cent YTM). Volumes may be thin tomorrow due to the one-day bank strike, as public sector banks and the old generation private banks may see low staff turnout, the dealer said. — Our Bureau More Stories on : Govt Bonds
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