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Mumbai, July 17

Bond prices rose around 40 paise as surplus cash in the system aided the buying sentiment. Total traded volumes on the order matching system were at Rs 13,845 crore (Rs 5,895 crore). “There is excess cash of around Rs 65,000 crore in the system which has propped up bond prices. Even with auctions worth Rs 18,000 crore this week, there will still be excess liquidity,” said a dealer at a private bank. The 7.49 per cent-10 year-2017 paper opened at Rs 97.30 (7.88 per cent YTM) and ended at Rs 97.59 (7.84 per cent YTM), against the previous close of Rs 97.18 (7.91 per cent YTM). The 8.33 per cent-29 year-2036 paper opened at Rs 99.53 (8.37 per cent YTM) and ended at Rs 99.76 (8.35 per cent YTM), against the previous close of Rs 99.45 (8.38 per cent YTM). —

Our Bureau

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