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Tuesday, January 07, 2014

Evening Bells: Bond yield rises

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

The yield on 10-year benchmark federal paper, 8.83% GS 2023, closed 01 bps up at 8.79% compared with 8.78% close in the previous trading session. 

The total trading volume on central bank's gilts trading platform stood Rs 36320 crore.
Bond yield increased on concerns whether the economy will meet its fiscal deficit target, washing off the market optimism that the forthcoming WPI inflation data would be lower than previous reading. Profit booking also pushed the yield up. 

The weighted average rate in the overnight call money increased to 8.19% compared to 7.93% in previous session. The call money rate hovered in the range of 7.90% to 8.80% with the volume of Rs 14998.13 crore.
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