Saturday, June 13, 2009

Bond Prices Increase - June 13, 2009

Bond prices went up on expectations that the upcoming auctions of government securities would be for Rs 12,000 crore instead of Rs 15,000 crore. In the last few auctions, the amounts were higher than previously announced. Easing of US treasury yields also helped the domestic bond market. The total traded volumes on the order matching system were higher at Rs 9,885 crore (Rs 5,055 crore).

The most highly traded paper was 6.07 per cent-5-year-2014, which was auctioned on Thursday. It opened at Rs 99.67 (6.15 per cent YTM) and closed at Rs 97.55 (6.66 per cent YTM).

The second most actively traded 7.59 per cent-7 year-2016 paper opened at Rs 103.3 (6.97 per cent YTM) and closed at Rs 103.61 (6.91 per cent YTM), against the previous close of Rs 103.09 (7.01 per cent YTM).

No comments: