The Hindu Business Line : Bond prices decline

Bond prices fell reacting to Friday's announcement of auctions worth Rs 23,000 crore. Total traded volumes on the order-matching system were at Rs 3,655 crore (Rs 5,795 crore). On Friday, the RBI announced Treasury bill, Market Stabilisation Scheme and government security auctions worth Rs 23,000 crore.

"Market participants will now take positions after the auctions," said a dealer at a private bank. Surplus liquidity in the system was around Rs 63,000 crore, under the RBI's liquidity adjustment facility. Traders have attributed the surge in liquidity in the system to an increase in Government spending.

The 7.99 per cent- 9 year-2017 paper opened at Rs 100.20 (7.96 per cent YTM) and closed at Rs 99.98 (7.99 per cent YTM), against the previous close at Rs 100.05 (7.98 per cent YTM). The 8.33 per cent-28 year-2036 paper opened at Rs 97.50 (8.56 per cent YTM) and closed at Rs 97 (8.61 per cent YTM), against the previous close at Rs 97.70 (8.54 per cent YTM). - Our Bureau

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee ends marginally down

General Insurance Council may get motor pool ownership

‘Liberalise entry norms, create small finance banks’

Few takers for exotic forex derivatives now

Reforms panel moots delinking banks from govt

United Bank biz crosses Rs 75,000 cr

Principal PNB ties up with South Indian Bank

Bond prices decline

Assets Care to buy NPAs against debentures

Call rates close higher

Union Bank launches reverse mortgage scheme

‘Consolidate market regulation under SEBI’