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Bonds prices firm up as yields decline

Bonds prices firm up as yields decline
PTI
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First Published: Thu, Jul 02 2009. 07 46 PM IST
Updated: Thu, Jul 02 2009. 07 46 PM IST
Mumbai: Government bond prices firmed up further while its yield declined due to heavy demand from banks and corporates.
The call rates ruled steady at 3.25% on the overnight call money market here today in the absence of market-moving factors.
The 7.94% government security maturing in 2021 rose to Rs106.47 from Rs105.61 previously while its yield declined to 7.12% from 7.23%.
The 6.07% government security maturing in 2014 shot up to Rs98.94 from Rs98.50 while its yield moved down to 6.32% from 6.43%.
The 7.59% government security maturing in 2016 hardened to Rs104.92 from Rs104.07 while its yield fell to 6.67% from 6.83%.
The 8.20% government security maturing in 2022, the 6.35% government security maturing in 2020, the 8.24% government security maturing in 2027, the 7.56% government security maturing in 2014 and the 6.05% government security maturing in 2019-February also quoted higher at Rs107.86, Rs96.94, Rs105.70, 104.75 and Rs94.32 respectively.
The Reserve Bank of India (RBI) under the liquidity adjustment facility (LAF) mopped up Rs93,515 crore from 43 bids at one day reverse repo auction at the rate of 3.25%.
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First Published: Thu, Jul 02 2009. 07 46 PM IST