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Thursday, December 12, 2013

Morning Bells: Bond yields steady, economic data eyed

10-year G-sec Paper yield flat at 8.83% 

The yield on 10-year benchmark federal paper, 8.83% GS 2023, was flat at 8.83% at 10.20 am same as at close in the previous trading session. 

The total trading volume on central banks gilts trading platform stood at Rs 1365 crore.
Bond yields were nearly steady in the early trading, while the sentiments were cautious ahead of key economic data on industrial production and inflation scheduled for today. 

As per the poll of economists conducted by Capital Market, industrial production is expected to show a decline of 1.5% in October 2013, while the CPI inflation is anticipated to remain nearly steady at 10.0% for November 2013. 

The weighted average rate in the overnight call money increased to 7.73% at 10.25 am compared to 7.45% in previous session. The call money rate was hovering in the range of 7.50% to 7.75% with the volume of Rs 5128 crore.
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