The bond prices shot up on June 18 after the announcement of auction cut-offs by the Reserve Bank of India (RBI) for the buyback, which were more than market expectations. The RBI bought back government securities of around Rs 4,600 crore at prices that exceeded the market expectations, said a dealer with a private bank.
The total traded volumes on the order matching system were lower at Rs 9,005 crore (Rs 10,585 crore).
The 6.07 per cent-5 year-2014 paper opened at Rs 97.65 (6.64 per cent YTM) and shot up to touch an intra-day high of Rs 97.87(6.58 per cent YTM).
It closed at Rs 97.83 (6.59 per cent YTM), against the previous close of Rs 97.75 (6.61 per cent YTM).
Moreover, the 7.59 per cent-9 year-2016 paper opened at Rs 103.73 (6.89 per cent YTM) and closed at Rs 104.05 (6.83 per cent YTM).
The total traded volumes on the order matching system were lower at Rs 9,005 crore (Rs 10,585 crore).
The 6.07 per cent-5 year-2014 paper opened at Rs 97.65 (6.64 per cent YTM) and shot up to touch an intra-day high of Rs 97.87(6.58 per cent YTM).
It closed at Rs 97.83 (6.59 per cent YTM), against the previous close of Rs 97.75 (6.61 per cent YTM).
Moreover, the 7.59 per cent-9 year-2016 paper opened at Rs 103.73 (6.89 per cent YTM) and closed at Rs 104.05 (6.83 per cent YTM).
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