Bond rates ended the day slightly lower on profit booking. Total traded volumes on the order matching system were at Rs 7,565 crore. Bond dealers said that prices increased earlier in the day as inflation eased slightly to 12.34 per cent for the week ended August 23, against the previous week''s 12.40 per cent. The decline in the price of global crude to $106.50 per barrel also aided the increase in bond prices. However, prices declined later in the day due to profit-booking.
There is no supply in the market as most banks are now holding securities in HTM (Held To Maturity) to avoid losses in a volatile market. The 8.24 per cent-10 year-2024 paper opened at Rs 98.50 and touched an intra day high of Rs 98.59. It ended the day at Rs 98.42, against the previous close at Rs 98.48. The 8.24 per cent-19 year-2027 paper opened at Rs 92 and ended at Rs 91.84, against the previous close at Rs 92.2
There is no supply in the market as most banks are now holding securities in HTM (Held To Maturity) to avoid losses in a volatile market. The 8.24 per cent-10 year-2024 paper opened at Rs 98.50 and touched an intra day high of Rs 98.59. It ended the day at Rs 98.42, against the previous close at Rs 98.48. The 8.24 per cent-19 year-2027 paper opened at Rs 92 and ended at Rs 91.84, against the previous close at Rs 92.2
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