Money & Banking

Bond market flat, volumes low

Our Bureau Mumbai | Updated on February 02, 2011




The bond market was flat and volumes were low as most participants did not take fresh positions. Though there was some selling in the first half of trade, prices recovered intra-day. Bond prices moved in a narrow range during the day as there was no new trigger. Though there is an expectation of a rate hike by the Reserve Bank of India in the mid-quarter review, most participants have already factored in, said dealers. “As there is an auction scheduled on Friday, most traders refrained from taking fresh positions,” said a dealer with a private bank. The total traded volumes on the order matching system were to the tune of Rs 5,580 crore. The most actively traded 8.13 per cent, 11-year, 2022 paper opened at Rs 99.58 (8.18 per cent YTM) and closed at Rs 99.67 (8.17 per cent YTM), almost unchanged from the previous close. The second most actively traded 8.08-per cent, 11-year, 2022 paper opened at Rs 99.02 (8.21 per cent YTM) and closed at Rs 99.22 (8.18 per cent YTM).

Published on February 02, 2011

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