The Hindu Business Line : Bonds fall on profit booking

Bond prices fell by around 10-15 paise on profit booking. Total traded volumes on the order-matching system were at Rs 2,640 crore (Rs 5,200 crore). Dealers said that there was some profit booking seen on the newly auctioned 10-year paper. “The auctioned 10-year paper’s cut-off yield on Monday was 8.24 per cent and in the past two days the yield had eased to 8.17 per cent. So, traders were selling to book some profits,” said a dealer at a private bank. Tr aders said that cut-off yields on the treasury bills auctioned on Wednesday were bearish. Market participants said a fall in surplus liquidity in the system also dampened sentiment. The 8.24 per cent- 10 year-2018 benchmark paper opened at Rs 100.53 (8.16 per cent YTM) and ended at Rs 100.43 (8.17 per cent YTM), against the previous close at Rs 100.53 (8.16 per cent YTM). The 7.99 per cent-9 year-2017 paper opened at Rs 98.84 (8.17 per cent YTM) and ended at Rs 98.72 (8.19 per cent YTM), against the previous close at Rs 98.90 (8.16 per cent YTM).

— Our Bureau

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