Saturday, September 13, 2008

Bond Prices Dwindle By 54 Paise - Sep 13, 2008

Bond prices slipped by 54 paise after the auction of Rs 8,000-crore worth Government securities. The auction of Rs 5,000 crore 8.24 per cent-10 year-2018 paper and Rs 3,000 crore 7.95-24 year-2032 paper pulled the prices down, added the dealer. Total traded volumes on the order matching system were higher at Rs 7,420 crore (Rs 6, 335 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 99.35 (8.33 per cent YTM) and touched an intra-day high of Rs 100.17 (8.21 per cent YTM). It closed at Rs 99.21 (8.35 per cent YTM), against the previous close of Rs 99.75 (8.27 per cent YTM). The second highly traded security, 8.24 per cent-19 year-2027 paper, opened at Rs 95.8 (8.70 per cent YTM) and closed at Rs 95.15 (8.77 per cent YTM)

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