Friday, September 12, 2008

Bond Prices Rise 61 Paise - Sep 12, 2008

Bond prices rose 61 paise, buoyed by expectations of lower inflation figures and comfortable liquidity in the market. Inflation stood lower at 12.10 per cent as on August 30. There was lot of buying interest in the market, as oil prices fell to $103 a barrel, said a dealer with a private bank. Total traded volumes on the order matching system were higher at Rs 6,335 crore (Rs 5,445 crore).

The 8.24 per cent-10 year-2018 paper opened at Rs 99.25 (8.35 per cent YTM) and touched an intra-day high of Rs 99.77 (8.27 per cent YTM). It closed at Rs 99.75 (8.27 per cent YTM), against the previous close of Rs 99.14 (8.37 per cent YTM). The price of the second highly traded security, 8.24 per cent-19 year-2027 paper, increased by almost Rs 2. It opened at Rs 94.2 (8.88 per cent YTM) and closed at Rs 96.04 (8.67 per cent YTM)

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