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Wednesday, December 03, 2014

Bond yields ease as RBI indicates at change in monetary policy stance

10-year G-sec Paper yield eases to 7.96% 

The yield on 10-year benchmark federal paper, 8.40% GS 2024, eased 01 basis point to 8.96% at 11.42 IST, compared with 7.97% at close in the previous trading session. 

The total trading volume on the central bank's gilts trading platform stood at Rs 22435 crore. 

Bond yields declined in the early trading session, in addition to sharp fall on previous trading session. The sentiments were upbeat in the gilts market after RBI hinted at interest rates cut in the early 2015. 

The weighted average rate in the overnight call money rose to 8.05% at 11.24 IST compared to 7.92% in the previous session. The call money rate was hovering in the range of 7.05% to 8.1% with the volume at Rs 6132.55 crore.
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