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Friday, December 19, 2014

Bond yields rise on profit taking

10-year G-sec Paper yield inches up to 7.96% 

The yield on 10-year benchmark federal paper, 8.40% GS 2024, increased 03 basis points to close at 7.96%, compared with 7.93% at close in the previous trading session. 

The total trading volume on central banks gilts trading platform stood Rs 41895 crore. 

Bond yields increased on profit booking ahead of weekend. However, the sentiments were supported with government expressing strong commitment to achieve fiscal deficit target for FY2015. 

The weighted average rate in the overnight call money declined to 8.3% compared with 8.47% in previous session. The call money rate hovered in the range of 6.75% to 8.6% with the volume of Rs 14164.64 crore.
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