Date:05/07/2007 URL: http://www.thehindubusinessline.com/2007/07/05/stories/2007070552260600.htm

Back Bond prices strengthen

Mumbai, July 4

The bond prices went up by about 40 paise and the yields fell by 6 basis points buoyed by the surplus cash in the system. “There has been a good amount of dollar inflows into the market which has attributed to the surplus cash in the system,” said Mr Anoop Verma, Dealer, Development Credit Bank. The yield on the 10-year paper closed at 8.03 per cent on Wednesday against the previous close of 8.09 per cent. The total traded volumes on the order matching system w ere Rs 11,515 crore (Rs 8,410 crore). The 7.49 per cent 10-year-2017 paper opened at Rs 95.94 (8.10 per cent YTM) and closed at Rs 96.40 (8.03 per cent YTM) against the previous close of Rs 95.97 (8.09 per cent YTM). The 6.65 per cent-2009 paper opened at Rs 98.61 (7.50 per cent YTM) and closed at Rs 98.69 (7.45 per cent YTM) against the previous close of Rs 98.59 (7.51 per cent YTM).

— Our Bureau