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Thursday, January 09, 2014

Evening Bells: Bond yield eases

10-year G-sec Paper yield closes at 8.79% 

The yield on 10-year benchmark federal paper, 8.83% GS 2023, closed 01 bp down at 8.79% compared with 8.80% close in the previous trading session. 

The total trading volume on central bank's gilts trading platform stood Rs 34425 crore.
Bond yield eased as investors were relieved by comments from a central bank deputy governor that a proposed debt switch may happen only in the next fiscal year. However, profit booking restricted the fall. 

The weighted average rate in the overnight call money eased to 8.60% compared to 8.69% in previous session. The call money rate hovered in the range of 7.75% to 8.80% with the volume of Rs 19349.88 crore.
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