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Money & Banking - Govt Bonds
Bond prices rise on US cues

Mumbai, Nov. 17

Bond prices rose on Tuesday tracking the lower US treasury yields which fell following the Federal Reserve Chairman, Mr Ben Bernanke’s comment that interest rates will need to remain low to sustain growth. The total traded volumes on the order matching system were substantially higher at Rs 13,885 crore (Rs 6,715 crore). The 6.90-10 year-2019 benchmark paper opened at Rs 97.34 (7.28 per cent YTM) and rose to touch an intra-day high of Rs 97.5 (7.26 per cent YTM). It closed at Rs 97.39 (7.27 per cent YTM), against the previous close of Rs 97.18 (7.31 per cent YTM). The 7.02 per cent-7-year-2016 paper opened at Rs 98.26 (7.34 per cent YTM) and closed at Rs 98.55 (7.29 per cent YTM).

— Our Bureau

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