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Thursday, December 26, 2013

Morning Bells: Bond yields ease slightly

10-year G-sec Paper yield declines to 8.86% 

The yield on 10-year benchmark federal paper, 8.83% GS 2023, eased 01 basis point to 8.86% at 11.20 am, compared to 8.87% at close in the previous trading session. 

The total trading volume on central banks gilts trading platform was thin at Rs 1255 crore.
Bond yields eased slightly in the early trading session. The sentiments are weak in the gilts market, as the traders remains worried about interest rate hike from central bank. 

The weighted average rate in the overnight call money increased to 8.84% at 11.25 am compared to 8.76% in previous session. The call money rate was hovering in the range of 8.65% to 8.90% with the volume of Rs 10109.21 crore.
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