New 10-year G-sec Paper yield closes at 7.80%
The yield on 10-year benchmark federal paper, 8.40% GS 2024, increased
by 06 basis points (bps) to close at 7.98% compared with 7.92% close in
the previous trading session and the new 10-year benchmark federal
paper, 7.72% GS 2025, yield also increased by 05 bps to end at 7.80%,
compared with 7.75% close in the previous trading session. The total
trading volume on central bank's gilts trading platform stood at Rs
37,355 crore.
Bond yields increased and bonds fell the most in three weeks on concerns
that weak monsoon will increase inflation and defer RBI from rate cut.
The weighted average rate in the overnight call money eased to 7.05%
compared with 7.07% in previous session. The call money rate hovered in
the range of 5.70% to 7.25% with the volume of Rs 10,677.52 crore.