Date:20/03/2008 URL: http://www.thehindubusinessline.com/2008/03/20/stories/2008032052460602.htm

Back Bond prices fall

Mumbai, March 19

Bond prices slipped by 31 paise and the yields hardened by five basis points on tight liquidity in the system, said dealers. "The market was short of Rs 40,000 crore. The long holidays and the mutual fund redemptions have affected the market sentiment," said a dealer at a private bank.

The total traded volumes on the order matching system were at Rs 2,395 crore (Rs 2,990 crore). The 7.99 per cent-9 year-2017 paper opened at Rs 102.64 (7.59 per cent YTM) and closed at Rs 102.32 (7.63 per cent YTM), against the previous close of Rs 102.63 (7.58 per cent). The 8.33 per cent-2036 paper opened at Rs 102.55 (8.09 per cent YTM) and closed at Rs 102.25 (8.12 per cent YTM), against the previous close of Rs 102.59 (8.09 per cent YTM). - Our Bureau