Money & Banking

Bond prices gain

Our Bureau Mumbai | Updated on March 15, 2011




Bond prices gained as risk aversion stemming from the Japanese crisis drove investors to the safety of bonds. The expectation that there would be no additional auction of government securities in the rest of the current fiscal also buoyed market sentiments, said a dealer with a public sector bank. Besides, the decline in prices on Monday prompted investors to buy G-secs, the dealer added. The total traded volumes on the order matching system were lower at Rs 6,045 crore (Rs 8,085 crore).

The most actively traded 8.08 per cent- 11 year-2022 paper opened at Rs 99.90 (8.09 per cent YTM) and closed at Rs 99.97 (8.08 per cent YTM), against the previous close of Rs 99.85 (8.10 per cent YTM). The second most actively traded 8.13 per cent-11 year-2022 paper opened at Rs 100.3 (8.09 per cent YTM) and closed at Rs 100.38 (8.08 per cent YTM), against the previous close of Rs 100.20 (8.10 per cent YTM).

Published on March 15, 2011

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