10-year G-sec Paper yield closes at 7.80%
The yield on 10-year benchmark federal paper, 8.40% GS 2024, increased
by 03 basis points to close at 7.80% compared with 7.77% close in the
previous trading session. The total trading volume on central bank's
gilts trading platform stood Rs 20,560 crore.
Bond yield increased amid higher oil prices raising concerns of higher inflation.
The weighted average rate in the overnight call money eased to 7.27%
compared with 7.29% in previous session. The call money rate hovered in
the range of 6.00% to 7.60% with the volume of Rs 16,619.74 crore.