New 10-year G-sec Paper yield closes at 7.86%
The yield on 10-year benchmark federal paper, 8.40% GS 2024, eased by
02 basis points (bps) to close at 8.04% compared with 8.06% close in the
previous trading session and the new 10-year benchmark federal paper,
7.72% GS 2025, yield also eased by 03 bps to close at 7.86%, compared
with 7.89% close in the previous trading session. The total trading
volume on central bank's gilts trading platform stood at Rs 27,325
crore.
Bond yields eased as Rupee appreciated. The yields though eased today,
but climbed 22 bps in June amid concerns over rise in global yields,
weak monsoon which in turn may push up inflation and lower chances of
further rate cut.
The weighted average rate in the overnight call money increased to 7.06%
compared with 7.04% in previous session. The call money rate hovered in
the range of 5.70% to 7.30% with the volume of Rs 10,095.95 crore.