10.85% Govt Paper Draws Rs 10 Crore

NSE REPORT

The wholesale debt market segment clocked a trading volume of Rs 132.03 crore yesterday of which the treasury bill segment contributed to a turnover of Rs 31 crore.

There were only 21 trades reported at the NSE screen.

"The market is looking forward to the pricing of the three-, five- and 12-year auction that is scheduled on July 1 as it will give an indication of the interest rate movement," commented a trader at the National Sock Exchange.

The 10.85 per cent government loan maturing in 2001 was traded for Rs 10 crore at the yield of 11.37 per cent.

The paper saw a repo deal worth Rs 10 crore for eight days at the rate of 7.75 per cent.

A bulk deal worth Rs 20 crore was done for 12.10 per cent government loan maturing on 2008 at a yield of 12.09 per cent.

The six per cent capital index bond floated by the Reserve Bank of India maturing on 2002 was traded for Rs 5 crore at a yield of 12.82 per cent.

The 14 per cent bonds of Industrial Development Bank of India maturing on 2005 were traded for Rs 4 crore at the yield of 13.67 per cent.