• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, April 16

The bond market was bearish and yields on the 10-year benchmark touched 8.08 on fears of a hike in CRR, following statements by the RBI Governor, Dr Y.V. Reddy, and the Finance Minister, Mr P. Chidambaram. Total traded volumes on the NDS order matching system were Rs 2,385 crore.

The 7.99 per cent 2017 10-year benchmark paper opened at Rs 99.66 per cent (8.04 per cent YTM) and closed at 99.4 (8.08 per cent YTM). The 7.15 per cent 2015 8-year paper, which was the highest traded paper opened at Rs 96.2 (8.07 per cent YTM) and closed at Rs 96 (8.11 per cent YTM).

After market hours, the RBI announced the auction of a new 10-year paper for Rs 6,000 crore and the auction of 8.33 per cent 2036 paper for Rs 4,000 crore. “The overall sentiment is bearish. Dealers are now saying that the RBI may either hike CRR more than 50 basis points or may hike both CRR and repo rate to tackle the high inflation levels,” said a bond dealer with a foreign bank.

— Our Bureau

More Stories on : Govt Bonds

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

Stories in this Section
Rupee steady against dollar

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line