The Hindu Business Line : Bond prices fall on profit booking

Bond prices fell by over 40 paise on continued profit booking. Total traded volumes were at Rs 6,945 crore (Rs 9,470 crore). Bond dealers said that selling was seen mainly in the 8.24 per cent-10 year-2018 paper and the 7.95 per cent-24 year-2032 paper which were auctioned on Friday. The trading volume for the 10- year paper alone was Rs 5,160 crore. “Traders booked their profits in anticipation of the release of inflation data on Thursday as well as the long week-en d,” said a dealer at a private bank. Market participants are also wary of another auction which is likely to be announced between August 14 and August 22. The auction is likely to be of a longer dated security which could drag prices down, said a dealer. The 8.24 per cent-10 year-2018 paper opened at Rs 96.20 (8.83 per cent YTM) and ended at Rs 95.28 (8.97 per cent YTM), against the previous close at Rs 95.70 (8.90 per cent YTM) The 7.95 per cent- 24 year-2032 opened at Rs 85.50 (9.49 per cent YTM) and ended at Rs 84.20 (9.65 per cent YTM), against the previous close at Rs 85.05 (9.54 per cent YTM).

— Our Bureau

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