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Our Bureau

Mumbai, Aug. 21

The bond market was range-bound due to profit booking post the government securities auction. Prices moved in a band of 15-20 paise said dealers. The undertone of the market was bullish, but Monday's price movements were due to adjustments in positions taken by traders ahead of the auction, said a dealer with a private bank.

"The market opened 10 paise higher but came down because of lack of buying support. Liquidity has also come down and amounts in the reverse repo and repo auctions were slightly above Rs 20,000 crore against amounts of around Rs 30,000 crore last week," said the dealer. The 7.59-per cent 10-year 2016 paper opened at Rs 97.13 (8.02 per cent YTM) and closed at Rs 97.06 (8.03 per cent YTM). The 8.07-per cent 11-year 2017 paper opened at Rs 99.69 (8.11 per cent YTM) and closed at Rs 99.76 (8.10 per cent YTM).

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