Financial Daily from THE HINDU group of publications
Wednesday, May 31, 2006

Cross Currency

Group Sites

Money & Banking - Govt Bonds

Bond prices fall 5 paise

Our Bureau

Mumbai, May 30

The bond market was dull with prices falling about 5 paise since Monday's close. While the negatives continued to be fears of a likely hike in domestic fuel prices and the auction scheduled for early next week, the positive factor continued to be good liquidity. "Though buyers were coming in at every 50 paise rise, there was no genuine trading," said a dealer with a private bank. The 7.59 per cent 2016 10-year benchmark paper opened at Rs 99.56 (7.65 per cent YTM) and closed at Rs 99.53 (7.66 per cent YTM) against the previous close of Rs 99.59 (7.65 per cent). The 7.94 per cent 2021 15-year paper opened and closed at Rs 99.60 (7.99 per cent ) against the previous close of Rs 99.65 (7.98 per cent ). "The yield of 7.66 per cent for the 10-year paper is a good buy level for those banks who want to fill their Held to Maturity portfolio and for long-term players like pension funds," the dealer said.

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Banks selling non-SLR bonds

Re touches new six-month low
Market collapse: Yen carry trade the culprit?
Corporation Bank launches new product
Weather cover launched for grape growers
JNIDB plans foray into consultancy, research
Bank of Baroda fined Rs 5 lakh
Bond prices fall 5 paise
V-Adalat for Vijaya Bank's NPA issues
SBI ties up with CARE India
Call rate remains steady
SBI to buy 2 banks overseas
New chief for AIBOC unit in AP
Kalam urges SBI to step up agri credit

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line