Bond yield eases

10-year G-sec Paper yield closes at 7.60% 

The yield on 10-year benchmark federal paper, 7.72% GS 2025, eased 01 basis point (bp) to 7.60%, compared with 7.61% at close in the previous trading session. The total trading volume on central bank's gilts trading platform stood at Rs 22,000 crore. 

The yield though eased but held near a one-month high on speculation the government will struggle to meet its fiscal deficit goal. 

The weighted average rate in the overnight call money eased to 6.59% compared with 7.02% in previous session. The call money rate hovered in the range of 5.50% to 7.15% with the volume of Rs 11,719.06 crore.