Bond yield eases by 03 bps

10-year G-sec Paper yield closes at 8.67% 

The yield on 10-year benchmark federal paper, 8.83% GS 2023, decreased 03 basis points to close at 8.67% compared to 8.70% at close in the previous trading session. The total trading volume on central banks gilts trading platform stood at Rs 39165 crore. 

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.