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Bond prices rose on Wednesday on expectations that buyback of government securities will infuse liquidity into the system.
The Reserve Bank of India bought back Rs 10,000 crore of government securities as against an announced buyback of Rs 12,000 crore. The total order matching system was at Rs 5,650 crore (Rs 6,980 crore).
The most highly traded paper 8.08 per cent-12 year-2022 paper opened at Rs 99.72 (8.11 per cent YTM) and closed at Rs 99.82 (8.10 per cent YTM), against the previous close of Rs 99.68 (8.12 per cent YTM).
The second most highly traded paper, 7.17 per cent 2015 paper opened at Rs 97.51 (7.84 per cent) and closed at Rs 97.54 (7.83 per cent YTM), against the previous close of Rs 97.48 (7.85 per cent).
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