Bond drops on fresh selling pressure, call rate ends steady

The government bond prices dropped due to fresh selling pressure from banks and corporates, while call money rates continued to rule steady to end at 6.35 per cent on an even demand and supply. 

The 8.13 per cent government security maturing in 2022 declined to Rs 99.54 from Rs 99.86 yesterday, while its yield firmed up to 8.19 per cent from 8.15 per cent.

The 8.08 per cent government security maturing in 2022 dropped to Rs 99.18 from Rs 99.54, while its yield rose to 8.19 per cent from 8.14 per cent.  

The 7.49 per cent government security maturing in 2017 fell to Rs 97.11 from Rs 97.40, while its yield moved up to 8.09 per cent from 8.02 per cent.

The 7.17 per cent government security maturing in 2015, the 7.99 per cent government security maturing in 2017, the 7.80 per cent government security maturing in 2020 and 8.26 per cent government security maturing in 2027 also quoted lower at 96.50, Rs 99.60, Rs 97.50 and Rs 98.20, respectively.  

The overnight call money rate settled the day remained unchanged at its overnight level of 6.35 per cent. It moved in a range of 6.20 per cent and 6.40 per cent.   

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 57,575 crore from 33 bids at the three-days repo auction at a fixed rate of 6.25 per cent, while sold securities worth Rs 900 crore from one bid at the three-days reverse repo auction at a fixed rate of 5.25 per cent.