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Wednesday, January 14, 2015

Bond yield close steady

10-year G-sec Paper yield closes at 7.77% 

The yield on 10-year benchmark federal paper, 8.40% GS 2024, closed steady at 7.77% same as close in the previous trading session. The total trading volume on central bank's gilts trading platform stood Rs 34,210 crore. 

Bond yield closed steady as profit taking by market participants amid record rise in bond prices was offset by lower oil prices. Market now eye central bank's monetary policy. 

The weighted average rate in the overnight call money increased to 8.11% compared with 8.09% in previous session. The call money rate hovered in the range of 6.40% to 8.65% with the volume of Rs 11,162.01 crore. 

The 91-Days T-Bill auction worth Rs 8,000 crore held today was fully subscribed. The cut-off was set at Rs 97.95, implying a yield of 8.39%. The 182-Days T-Bill auction worth Rs 6,000 crore held today was fully subscribed. The cut-off was set at Rs 96.05, implying a yield of 8.25%. 
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