Our Bureau

Mumbai, Aug 29

The bond prices moved in range of 20-23 paise as they were weak in the morning due to lack of buying interest, but recovered towards close. Traders feared that increased supply of bonds, in the event of oil bonds getting SLR status, could push up yields. However, prices recovered in the second half, said dealers.

The market is now waiting for the US Federal Reserve data scheduled to be released later today and the auction of Rs 9,000 crore Government securities next week, said a dealer with a private bank. The 7.59 per cent-10 year-2016 paper opened at Rs 97.68 and touched a low of Rs 97.45 during day trade. It then closed at Rs 97.63 (7.95 per cent YTM) almost unchanged against Monday's close of Rs 97.6 (7.95 per cent YTM). The 8.07 per cent-11-year 2017 paper opened at Rs 100.59 (7.98 per cent YTM), dropped to a low of Rs 100.30 before ending at Rs 100.52 (7.99 per cent YTM).

(This article was published in the Business Line print edition dated August 30, 2006)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.