Friday, July 31, 2009

Bond Prices Decrease In Advance Of Auction - July 31, 2009

The bond prices slipped by around 50 paise, ahead of the auction of government securities, which is scheduled on Friday. RBI is scheduled to auction government securities of Rs 12,000 crore this week. As per the statement by the Reserve Bank''s Governor that RBI will by and large stick to the OMO calendar that dampened market sentiments, said a dealer with a private bank.

The total traded volumes on the order matching system were at Rs 5,925 crore. The 6.90 per cent-10 year-2019 paper opened at Rs 9 9.90 (6.91 per cent YTM) and slipped to close at Rs 99.47 (6.97 per cent YTM) as against the previous close of Rs 99.95 (6.91 per cent YTM).

Moreover, the 7.94 per cent-12 year-2021 paper opened at Rs 105.65 (7.21 per cent YTM) and closed at Rs 105.20 (7.27 per cent YTM).

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