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Wednesday, May 20, 2015

Bond yield close steady

10-year G-sec Paper yield closes at 7.86% 

The yield on 10-year benchmark federal paper, 8.40% GS 2024, closed steady at 7.86% same as close in the previous trading session. The total trading volume on central bank's gilts trading platform stood at Rs 49,765 crore. 

Bond yield after touching an intraday low of 7.83% with traders hoping the central bank will lower rates at its upcoming monetary policy review. This Friday's sale of the new 10-year benchmark bond also kept sentiment lifted. But yield closed at previous day level amid weakness in domestic currency and profit booking by participants. 

The weighted average rate in the overnight call money eased to 7.35% compared with 7.66% in previous session. The call money rate hovered in the range of 6.00% to 7.75% with the volume of Rs 11,551.17 crore. 
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