Business Daily from THE HINDU group of publications
Wednesday, Aug 30, 2006

Cross Currency

Group Sites

Money & Banking - Govt Bonds
Bond prices recover at close

Our Bureau

Mumbai, Aug 29

The bond prices moved in range of 20-23 paise as they were weak in the morning due to lack of buying interest, but recovered towards close. Traders feared that increased supply of bonds, in the event of oil bonds getting SLR status, could push up yields. However, prices recovered in the second half, said dealers.

The market is now waiting for the US Federal Reserve data scheduled to be released later today and the auction of Rs 9,000 crore Government securities next week, said a dealer with a private bank. The 7.59 per cent-10 year-2016 paper opened at Rs 97.68 and touched a low of Rs 97.45 during day trade. It then closed at Rs 97.63 (7.95 per cent YTM) almost unchanged against Monday's close of Rs 97.6 (7.95 per cent YTM). The 8.07 per cent-11-year 2017 paper opened at Rs 100.59 (7.98 per cent YTM), dropped to a low of Rs 100.30 before ending at Rs 100.52 (7.99 per cent YTM).

More Stories on : Govt Bonds

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

Stories in this Section
Bank of India scheme for farm women

SBI, VRS Foods sign pact
Rupee firm against dollar
Insurance cos negotiating for motor cover premium hike
Dhanalakshmi Bank joins CashTree ATM network
HSBC extends factoring service to SMEs
KPFC to diversify
BoI hikes PLR, deposit rates
Bond prices recover at close
Liquidity adequate to support 25 pc credit growth: Crisil
Call rates remain unchanged
LKB, Centurion Bank boards meet on Sept 4 to decide on merger
Kerala CM against LKB merger with BoP
ICICI Bank, Mitsubishi Sec tie-up
SBI organises Onam Expo
SBH tie-up for street kids
Doctorate for Andhra Bank CMD
Palakkad set to become `total banking' district

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