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Mumbai, May 9

Bond prices fell by around 10 paise reacting to the rise in the price of global crude. Total traded volumes on the order matching system were at Rs 5,355 crore. Dealers said reports that price of global crude had spiked to $125 per barrel led to selling in the market. Domestic inflation, which was 7.61 per cent for the week ended April 26 against the previous week’s 7.57 per cent, was also a dampener for the bond market Market participants said that prices fell after the Rs 10,000-crore government securities auction. “There was selling seen in the auctioned papers as well as the 10 year paper,” said a dealer at a private bank. The 8.24 per cent-10 year-2018 paper opened at Rs 102.50 (7.86 per cent YTM) and ended at Rs 102.35 (7.89 per cent YTM), against the previous close at Rs 102.44 (7.88 per cent YTM). The 7.38- 10 year-2015 paper opened at Rs 97 (7.92 per cent YTM) and ended at Rs 96.90 (7.94 per cent YTM), against the previous close at Rs 96.93 (7.93 per cent YTM).

— Our Bureau

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