Bond yield decreased on value buying, although the gains in bond prices was restricted as market eyed the Rs 16000 crore bond auction scheduled for tomorrow and bi-monthly monetary policy review next week.
The weighted average rate in the overnight call money increased to 8.08% compared to 7.73% in the previous session. The call money rate hovered in the range of 7.55% to 9.00% with the volume of Rs 14587.10 crore.