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Money & Banking - Govt Bonds
Bond prices move up

Our Bureau

Mumbai, Oct. 26

Bond prices moved up 16 paise on Fed holding to interest rates. "The market also expects the RBI to keep rates unchanged," said a dealer at a private bank.

Total traded volumes on the order matching system increased to Rs 2345 crore (Rs 1610 crore). Bonds tracked US yields.

"The market is expected to be cautious at present and will take a direction only after the Credit Policy," the dealer said. The 7.59 per cent, 10-year, 2016 benchmark paper opened at Rs 99.65 (7.64 per cent YTM) and closed at Rs 99.70 (7.63 per cent YTM) against the previous close Rs 99.54 (7.66 per cent YTM). The 9.39, five-year, 2011 paper opened at Rs 107.75 (7.39 per cent YTM) and closed at Rs 107.74 (7.40 per cent YTM) against the previous close of Rs 107.58 (7.43 per cent YTM).

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