Friday, September 26, 2008

Marginally Higher On Improved Liquidity - Sep 26, 2008

Bond prices ended marginally higher on improved liquidity and easing of oil price. There was not much demand for funds as most participants had covered their positions ahead of reporting Friday, the source said. Crude oil prices fell by $1-2 in the global market, which also helped bond prices. Total traded volumes on the order matching continued to be lower at Rs 3,455 crore (Rs 4,220 crore), due to the strike by public sector banks. The 8.24 per cent-10 year-2018 paper opened at Rs 97.75 (8.59 per cent YTM) and closed at Rs 97.87 (8.61 per cent YTM) against the previous close of Rs 97.5 (8.62 per cent YTM). The 7.95 per cent -24 year -2032 paper opened at Rs 88.3 (9.17 per cent YTM) and closed at Rs 88.55 (9.13 per cent YTM).

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