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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).

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