Date:02/11/2006 URL: http://www.thehindubusinessline.com/2006/11/02/stories/2006110203410600.htm

Back Bond prices gain marginally

Our Bureau

Mumbai, Nov. 1

Bond prices gained around ten paise and yields dropped by two basis points tracking US yields. Total traded volume on the order matching system also increased to Rs 3630 crore (Rs 3,610 crore). "The market has taken the RBI's Credit Policy positively and expect the inflation to be low," said a dealer at a private bank. The market is expected to be range-bound in the coming week as no major data or announcement is awaited, the dealer said.

The 7.59 per cent 10-year 2016 paper opened at Rs 99.84 (7.61 per cent YTM) and closed at Rs 99.85 (7.61 per cent YTM) against Rs 99.75 (7.63 per cent YTM) on Tuesday. The 8.07 per cent 11-year 2017 paper opened at Rs 102.91 (7.65 per cent YTM) and closed at Rs 103.03 (7.63 per cent YTM) against Rs 102.87 (7.66 per cent YTM) on Tuesday.