Date:08/12/2006 URL: http://www.thehindubusinessline.com/2006/12/08/stories/2006120804250600.htm

Back Bond prices fall by 5 paise

Our Bureau

Mumbai, Dec. 7

Bond prices fell by five paise as the market awaited the auction of Rs 9000 crore Government paperon Friday. Trading was lacklustre and the total traded volumes on the order-matching system were Rs 2,140 crore (Rs 2,475 crore). "There was no indicator in the market.

Crude oil prices also remained unchanged at $62.5 per barrel and there was hardly any movement in the US treasury yields," said a dealer at a private bank. The 7.59 per cent-10 year-2016 paper opened at Rs 101.27 (7.39 per cent YTM) and closed at Rs 101.31 (7.39 per cent) against Wednesday's close at Rs 101.35 (7.39 per cent YTM).

The 8.07 per cent-11 year-2017 paper opened at Rs 104.70 (7.40 per cent YTM) and closed at Rs 104.69 (7.40 per cent) against previous close of Rs 104.75 (7.39 per cent YTM).