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Money & Banking - Govt Bonds
Bond prices slip on profit booking

Mumbai, March 13

The bond prices slipped on Thursday on profitbooking by traders. The bond prices fell by 25 paise and the yields hardened by four basis points. "The market was lacklustre and the volumes were thin," said Mr Vijay Anand, Associate Vice- President, Development Credit Bank.

The total traded volumes on the order matching system were Rs 3,850 crore (Rs 8,260 crore). The 7.99 per cent-9 year-2017 paper opened at Rs 103.03 (7.53 per cent YTM) and closed at Rs 102.71 (7.58 per cent), against the previous close of Rs 102.96 (7.54 per cent). The 8.33 per cent-2036 paper opened at Rs 103.40 (8.02 per cent YTM) and closed at Rs 102.90 (8.07 per cent YTM). - Our Bureau

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