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Thursday, October 16, 2014

Bond yields dip to 13-month low

10-year G-sec Paper yield declines to 8.36% 

The yield on 10-year benchmark federal paper, 8.40% GS 2024, declined 04 basis points to 13-months low of 8.36% at 10.45 IST, compared to 8.40% at close in the previous trading session. 

The total trading volume on the central bank's gilts trading platform stood at Rs 19535 crore.
Bond yields eased sharply in the early trading, as decline in WPI as well as CPI inflation for September 2014 cheered market sentiments. The sentiments were also boosted by decline in US treasury yields and global crude oil prices. 

The weighted average rate in the overnight call money rose to 8.12% at 10.44 IST compared to 8.03% in the previous session. The call money rate was hovering in the range of 8% to 8.25% with the volume at Rs 6354.84 crore.
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