The Hindu Business Line : Bond prices fall by 50 paise

Bond prices fell by around 50 paise in anticipation of higher inflation numbers. Total traded volumes on the order matching system were at Rs 2,225 crore (Rs 3,340 crore). Traders were selling as there were news reports about inflation possibly climbing to 12.1 per cent for the week ended July 26. However, after market hours, the officially released inflation figure was lower at 12.01 per cent. "There was also some selling seen ahead of the Rs 10,000 crore auction on Friday. Traders expect the cut-off yield for the 10-year paper to be around 9.20 per cent," said a dealer at a private bank. The 8.24 per cent- 10 year-2018 paper opened at Rs 95.14 (8.997 per cent YTM) and closed at Rs 94.50 (9.10 per cent YTM) against the previous close at Rs 95.03 (9.01 per cent YTM). The 8.28 per cent- 24 year-2032 paper opened at Rs 87.40 (9.64 per cent YTM) and closed at Rs 86.95 (9.70 per cent YTM). - Our Bureau

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