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Bonds, call rates decline on selling pressure

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Government securities (G-Sec) declined on fresh selling pressure from banks and corporates, and call rates also remained weak on overnight call money market here on Thursday due to lack of demand from borrowing banks.

The 8.79 per cent (G-Sec) maturing in 2021 dropped further to Rs 102.5 from Rs 102.7925 yesterday, while its yield rose to 8.41 per cent from 8.36 per cent.

The 9.15 per cent (G-Sec) maturing in 2024 fell to Rs 105.02 from Rs 105.4, while its yield moved up to 8.49 per cent from 8.44 per cent.

The 8.19 per cent (G-Sec) maturing in 2020 drifted lower to Rs 98.6 from Rs 99.05, while its yield firmed up to 8.44 per cent from 8.36 per cent.

The 8.97 per cent (G-Sec) maturing in 2030 and the 8.28 per cent (G-Sec) maturing in 2027 were also ended lower at Rs 102.42 and Rs 96.9, respectively.

The overnight call money rate finished lower at 8.25 per cent from yesterday's closing level of 8.35. It moved in a range of 8.35 per cent and 8.15 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 103,405 crore from 49 bids at the one-day repo auction at a fixed rate of eight per cent.

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