Bonds prices decline while yields firm up

Bonds prices decline while yields firm up
PTI
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First Published: Fri, Jun 05 2009. 07 21 PM IST
Updated: Fri, Jun 05 2009. 07 21 PM IST
Mumbai: Government bond prices declined while its yield firmed up due to fresh selling pressure from banks and corporates.
The 3-day call rates ended at 3.26% on good demand from borrowing banks after moving in a range of 3.30% and 3.00%.
The 7.59% government security maturing in 2016 dropped to Rs104.14 from Rs104.62 previously while its yield firmed up to 6.82% from 6.73%.
The 8.20% government security maturing in 2022 declined to Rs106.05 from Rs106.85 while its yield rose to 7.45% from 7.34%.
The 8.24% government security maturing in 2027 fell to Rs105.70 from Rs106.08 while its yield moved up to 7.65% from 7.61%.
The 6.07% government security maturing in 2014, the 7.37% government security maturing in 2014, the 6.05% government security maturing in 2019-February and the 7.27% government security maturing in 2013 also quoted lower at Rs98.80, Rs103.65, Rs96.41 and Rs103.90 respectively.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) mopped up Rs1,04,680 crore from 41 bids at three days reverse repo auction at the rate of 3.25%.
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First Published: Fri, Jun 05 2009. 07 21 PM IST
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