Bond yields eases

10-year G-sec Paper yield closes at 8.72% 

The yield on 10-year benchmark federal paper, 8.83% GS 2023, eased by 01 basis point to close at 8.72% compared to 8.73% at close in the previous trading session. The new 10-year bond 8.40% GS 2024 ended down 1 basis point to 8.50%. The total trading volume on central bank's gilts trading platform stood at Rs 20325 crore. 

Bond yields eased amid fall in global oil prices and due to some bargain hunting. 

The weighted average rate in the overnight call money increased to 8.06% compared with 7.9% close in the previous session. The call money rate hovered in the range of 7.80% to 8.20% with the volume of Rs 17304.78 crore.