Business Daily from THE HINDU group of publications
Friday, Feb 22, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Feb 22, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Debt Market Bonds gain on value-buying Mumbai, Feb 21 Bond prices gained by 30-50 paise on `value buying' by banks. Total traded volumes on the order matching system were at Rs 5,480 crore (Rs 4,790 crore). "Bond yields have hardened significantly over the past week on negative factors like pressure on liquidity and higher oil prices. It now seems like a good level for some valuebuying," said a dealer at a private bank. The 10-year yield has hardened from 7.45 per cent to a high of 7.62 per cent over the past week. Market participants believe that the RBI may not announce Market Stabilisation Scheme auctions as there is a shortage of liquid cash. The 7.99 per cent -9 year-2017 paper opened at Rs 102.45 (7.62 per cent YTM) and closed at Rs 102.75 (7.57 per cent YTM), against the previous close at Rs 102.43 (7.62 per cent YTM). The 8.33 per cent -28 year-2036 paper opened at Rs 104.50 (7.93 per cent YTM) and closed at Rs 104.90 (7.89 per cent YTM) against the previous close at Rs 104.37 (7.93 per cent YTM). - Our Bureau More Stories on : Debt Market | Govt Bonds
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