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Tuesday, Apr 25, 2006


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Money & Banking - Govt Bonds


Dull trading in bonds

Our Bureau

Mumbai, April 24

The bond market was dull ahead of Tuesday's auction, with primary dealers staying away from active trade. There was no aggressive buying or selling though there was support towards the close of trade as prices fell, said a dealer with a private bank. The market fell by 5-10 paise after remarks by the Finance Minister,Mr P Chidambaram, that high oil prices were a matter of concern, the dealer said. The 9.39 per cent-5 year-2011 paper opened at Rs 110.35 (6.98 per cent YTM) and ended at Rs 110.37 (6.97 per cent YTM) down from Friday's close of Rs 110.43 (6.95 per cent YTM).The 7.59 paper 10-year 2016 paper opened at Rs 101.66 (7.35 per cent), touched a low of Rs 101.5 (7.37 per cent) and closed at Rs 101.65 (7.35 per cent YTM). RBI is auctioning two papers on Tuesday, the 7.4 per cent 2012 Government security for Rs 6,000 crore and 7.95 per cent 2032 G-Sec for Rs 4,000 crore.

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