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Mumbai, Aug. 6

Bond prices fell by over 30 paise on profit-booking. Total-traded volumes on the order matching system were at Rs 3,340 crore (Rs 5,745 crore). Dealers said that that there was some selling ahead of the release of inflation data on Thursday and the Rs 10,000 crore auction on Friday.

“Yields could harden further in anticipation of inflation touching 12 per cent,” said a dealer at a private bank. Market participants were also jittery ahead of a possible hike in steel prices ahead of the expiry (on Thursday) of the three-month self moratorium on steel makers. The 8.24 per cent-10 year-2018 benchmark paper opened at Rs 95.50 (8.94 per cent YTM) and closed at Rs 95.03 (9.01 per cent YTM), against the previous close at Rs 95.35 (8.96 per cent YTM). The 5.87 per cent- 2 year-2010 paper opened at Rs 95.82 (9.10 per cent YTM) and ended at Rs 95.75 (9.15 per cent YTM) unchanged from its previous close.–

Our Bureau

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