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Tuesday, July 21, 2015

Bond yield steady

10-year G-sec Paper yield rises to 7.84% 

The yield on 10-year benchmark federal paper, 7.72% GS 2025, closed steady at 7.84% same as close in the previous trading session. The total trading volume on central bank's gilts trading platform stood at Rs 16,420 crore. 

The yield closed 01 moved in tight range following the RBI's bond sale announcement, which has fuelled expectations that the market will be hit by more sales in coming weeks, raising concerns in the government that it will have to pay higher yields as it prepares to raise more debt. 

The weighted average rate in the overnight call money eased to 6.84% compared with 7.08% in previous session. The call money rate hovered in the range of 5.70% to 7.30% with the volume of Rs 12452.36 crore. 
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