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Mumbai, Sept. 7

Bond yields fell by three basis points and prices went up by 19 paise on Friday, as there was some fresh buying due to expectations that the US Federal Reserve would cut interest rates. The total traded volumes on the order matching system were Rs 7,390 crore (Rs 2,660 crore). "The prices rose as the cut-off yields from the auctions were better than expected," said a dealer with a private bank.

The 7.49 per cent 10-year-2017 paper opened at Rs 97.18 (7.91 per cent YTM) and closed at Rs 97.32 (7.89 per cent YTM), against the previous close of Rs 97.13 (7.92 per cent YTM). The 7.99 per cent 10-year-2017 paper opened at Rs 100.63 (7.89 per cent YTM) and closed at Rs 100.73 (7.88 per cent YTM), against the previous close of Rs 100.61 (7.89 per cent YTM). - Our Bureau

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