Business Daily from THE HINDU group of publications
Tuesday, Jul 08, 2008
ePaper | Mobile/PDA Version | Audio


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Money & Banking - Govt Bonds
Bonds fall on profit-taking

Mumbai, July 7

Bond prices fell in a market that saw subdued volumes, because of profit-taking. After remaining higher in initial trading hours, prices ended lower from the previous close, as there was selling at the fag end of the day. Total traded volumes on the order matching system were low at Rs 1,990 crore (Rs 410 crore). A dealer with a private bank said that there was not much trading because inflation and high oil prices were still a concern. “The market is anticipating so me decision at the G-8 meeting on oil prices,” said a dealer. The 8.24 per cent-10 year-2018 paper opened at Rs 94.30 (9.13 per cent YTM) and touched a high of Rs 94.44 (9.11 per cent YTM). It closed at Rs 94.08 (9.16 per cent), lower from the previous close of Rs 94.15 (9.15 per cent YTM). The 8.28 per cent 24-year -2032 paper opened and closed at Rs 84.50 (10 per cent YTM). During the day it touched a high of Rs 84.88 (9.95 per cent YTM). —

Our Bureau

More Stories on : Govt Bonds

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



Stories in this Section
FII flows: Curiouser and curiouser


Rupee closes lower
Fitch assigns ‘investment grade’ rating to many municipalities
Pioneer gets nod for MF foray with BoB
Bonds fall on profit-taking
BoB composite loan factory
Banks tapping CD market as CRR hike begins to bite
Call rates steady
Corporation Bank deposit scheme
SBI insists on online fund transfer
Satyam, Tyfone partner for m-commerce


eWorld



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

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