Friday, December 5, 2008

Total Traded Volumes On The Bond Prices Slip By 47 Paise - Dec 05, 2008

On Dec 4, bond prices slip by 47 paise. Total traded volumes on the order matching system were down at Rs 11,355 crore (Rs 15,450 crore). The market players were seen shuffling their portfolios, with some moving from short-term papers to long-term papers and vice versa. The fall in inflation figures to 8.4 per cent also brought cheer to the markets. Dealers expect the yield of the benchmark security to touch 6.75 per cent in intra day trade on Dec 5.

The 8.24 per cent-10 year-2018 paper opened at Rs 110.15 (6.75 per cent YTM) and touched an intra-day high of Rs 110.50 (6.71 per cent YTM). It closed at Rs 109.54 (6.84 per cent YTM), as against the previous close of Rs 110.01 (6.77 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 107.18 (7.30 per cent YTM) and closed at Rs 106.2 (7.39 per cent YTM).

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