The bond prices on Wednesday shot up after the announcement by the Reserve Bank of India for the buyback of Rs 6,000 crore worth Government securities and the Market Stabilisation Scheme unwinding of Rs 33,000 crore. However, the volumes were low in the bond market because of the auctions lined up, said a dealer with a private bank. The total traded volumes on the order matching system were at Rs 8,640 crore.
The 6.05 per cent-2019-10-year benchmark paper closed at Rs 93.57 (6.96 per cent YTM) against Tuesday''s close of Rs 93.24 (7.01 per cent YTM). Moreover, the 7.46 per cent- 2017- eight-year paper opened at Rs 101.8 (7.17 per cent YTM) and closed at Rs 102.4 (7.07 per cent YTM).
The 6.05 per cent-2019-10-year benchmark paper closed at Rs 93.57 (6.96 per cent YTM) against Tuesday''s close of Rs 93.24 (7.01 per cent YTM). Moreover, the 7.46 per cent- 2017- eight-year paper opened at Rs 101.8 (7.17 per cent YTM) and closed at Rs 102.4 (7.07 per cent YTM).
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