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Money & Banking - Govt Bonds
Bonds gain on disinvestment news

Mumbai, Nov. 19

Bond prices increased as dealers are taking the view that interest rates may not rise. Also, the Government's disinvestment plans and selling of the 3G spectrum added to the positive sentiment, said bond dealers. The 213 point fall in the Sensex also helped the bond market, said a bond dealer with a private bank. "As there is no auction scheduled for next week, the Rs 10,000-crore auction of Government securities on Friday could see good bidding,'' the dealer said. The total traded volumes on the order matching system were about Rs 14,475 crore. The 6.90-10 year-2019 benchmark paper opened at Rs 97.56 (7.25 per cent YTM) and closed at Rs 97.55 (7.25 per cent YTM), against the previous close of Rs 97.51 (7.26 per cent YTM). The 6.35 per cent-11- year-2020 paper opened at Rs 90.7 (7.69 per cent YTM) and closed at Rs 91.07 (7.63 per cent YTM). - Our Bureau

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