Business Daily from THE HINDU group of publications
Friday, Sep 08, 2006

Cross Currency

Group Sites

Money & Banking - Debt Market
Bond prices fall slightly

Our Bureau

Mumbai, Sept. 7

In the bond market, there was a slight fall in prices tracking US yields. The traded volume on the order matching system was Rs 2,655 crore (Rs 2,990 crore).

Dealers said the US 10-year fell to 4.83 per cent (4.78) following the release of the `jobless claims data', which was lower than expected. The Indian 10-year touched an intra-day low of 7.8 per cent but recovered to 7.78 per cent.

"The sentiment was bearish and the traded volume was relatively low. Ahead of the Rs 9,000-crore auction on Friday, traders were wary of taking large positions," said a dealer at a private bank. The 7.59 per cent-10 year-2016 paper opened at Rs 98.79 (7.77 per cent YTM) and ended at Rs 98.74 (7.78 per cent YTM) against Wednesday's close of Rs 98.72 (7.78 per cent YTM).

The 9.39 per cent-5 year-2011 paper opened at Rs 107.55 (7.49 per cent YTM) and ended at Rs 107.41 (7.52 per cent YTM).

More Stories on : Debt Market

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

Stories in this Section
Fully `bankable'

Rupee weakens against dollar
Premium detariffing could hit India's insurance rating
RBI issues norms for financial entities investing abroad
Bond prices fall slightly
It's BoI day!
Scope launches excellence centre
Crisil launches agri risk monitor
Call rates unchanged
Over a dozen banks in fray for UWB takeover
Shamrao Vithal acquires Mahavir Co-op Bank
Rehabilitation package for a bank is at best a short-term remedy
Corp Bank gets board nod to submit EoI for UWB takeover
Lord Krishna Bank staff on indefinite strike
Andhra Bank officers' conference

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