Chinese Central Bank Failed To Bond Prices Skid By Rs 1.30 Per Cent - Dec 23, 2008

Bond prices slipped Rs 1.30 on Dec 22, due to profit booking by market participants. The cut in lending rates by the Chinese central bank failed to enthuse the markets, the dealer added. The market has already filtered in the rate cut, said the source. Total traded volumes on the order matching system were lower at Rs 9,095 crore (Rs 11,550 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 119.40 (5.54 per cent YTM) and closed at 118.07 (5.71 per cent YTM), against the previous close of Rs 119.3 (5.56 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 116.15 (6.59 per cent YTM) and closed at Rs 114.05 (6.75 per cent YTM).