Financial Daily from THE HINDU group of publications
Friday, Apr 21, 2006

Cross Currency

Group Sites

Money & Banking - Govt Bonds

Bonds down on profit-booking

Our Bureau

Mumbai, April 20

Bond prices fell by about 30 paise from Wednesday's levels due to profit-booking as the RBI announced the auction of two government securities for Rs 6,000 crore and Rs 4,000 crore on April 25. "Today there was profit booking as dealers want to exit their positions prior to the auction," the official said.On Tuesday, bond prices rallied as a relief reaction to the RBI's decision to leave key interest rates unchanged. The 9.39-5 year-2011 paper opened at Rs 110.43 (6.96 per cent YTM) and ended trade at Rs 110.31 (6.99 per cent YTM), lower from Tuesday's close of Rs 110.60 (6.92 per cent YTM). The 7.59 per cent-10-year-2016 paper opened at Rs 101.8 (7.33 per cent YTM) and closed at Rs 101.71 (7.34 per cent YTM). The 8.07 per cent-11 year-2017 paper opened at Rs 104.70 (7.42 per cent YTM) and closed at Rs 104.66 (7.43 per cent YTM) against the previous close of Rs 104.94 (7.39 per cent YTM).

More Stories on : Govt Bonds

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

Stories in this Section
Rupee flat against dollar

Disclosures to be must for insurers soon
Chidambaram welcomes monetary policy
ICICI Pru mulls `health-savings' product
Insurers get ready for deregulation of tariffs
Bonds down on profit-booking
Post-write off, United Bank plans revamp
Call rates unchanged at 5.5-5.6 pc
Canara Bank ups NRE deposit rates
Karnataka Bank NRE deposit rates
BoI signs pact with Exim Bank

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