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Mumbai, Oct. 3

Bond prices moved up due to huge buying interest in Government securities, as liquidity is expected to ease once the Government resumes its spending, said bond dealers. According to a bond dealer with a private bank, the general feeling is that Government expenditure will bring funds back to the system. Rumours of a rate cut also helped bond yields ease a bit. “The overall scenario seems to less bearish,” the dealer said. Lower oil prices were also a trigger fo r bond prices opening higher, the dealer added. The total traded volumes on the order matching system were Rs 6,465 crore (Rs 4,620 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 99.5 (8.31 per cent YTM) and closed at Rs 99.63 (8.29 per cent YTM), against Wednesday’s close of Rs 98.6 (8.45 per cent YTM). The 7.94 per cent-2021 paper opened at Rs 93 (8.87 per cent YTM) and closed at Rs 93.79 (8.76 per cent YTM), against the previous close of Rs 92 (9.01 per cent YTM).

— Our Bureau

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