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Friday, September 18, 2015

Bond yield dips

10-year G-sec Paper yield closes at 7.70% 

The yield on 10-year benchmark federal paper, 7.72% GS 2025, eased by 05 basis points (bps) to 7.70% compared with 7.75% at close in the previous trading session. The total trading volume on central bank's gilts trading platform stood at Rs 58,805 crore. 

The bond yield eased and bonds completed their biggest advance since 25 August on increased rate cut expectations after the Federal Reserve refrained from raising interest rates. Also, two main inflation gauges-CPI and WPI showed continued easing, paving way for rate cut. The appreciation in Rupee also pushed the yield down. 

The weighted average rate in the overnight call money increased to 7.38% compared with 7.27% in previous session. The call money rate hovered in the range of 5.80% to 8.20% with the volume of Rs 21,385.73 crore. 
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