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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).

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