Bonds bearish on selling pressure

Government securities remained bearish on selling pressure from banks and companies.

The yields rose to their highest in a week today as the rupee's continued weakness raised concerns on funding the country's current account gap.

Interest rate swaps, particularly on the long end, also rose to three-week highs as crude oil prices and US Treasury yields rose with strong data continuing out of the United States.

The 8.33 per cent government security maturing in 2026 declined to Rs 107.95 from Rs 108.28 yesterday, while its yield moved up at 7.37 per cent from 7.33 per cent.

The 8.20 per cent government security maturing in 2025 fell to Rs 106.71 from Rs 106.98, while its yield gained to 7.36 per cent from 7.32 per cent. The 8.07 per cent government security maturing in 2017 dropped to Rs 102.73 from Rs 102.87, while its yield went up to 7.28 per cent from 7.24 per cent.

The 8.15 per cent government security maturing in 2022, the 8.12 per cent government security maturing in 2020 and the 7.16 per cent government security maturing in 2023 were also quoted lower at Rs 104.94, Rs 104.88 and Rs 100, respectively.

Call rates end steady
Call money rates closed stable at the overnight market here today.

The rate ended stable at 7.30 per cent. It moved in a range of 7.35 per cent and 7.20 per cent.

The Reserve Bank of India under the liquidity adjustment facility purchased securities worth Rs 84,860 crore in 26 bids at the one-day repo auction, at a fixed rate of 7.25 per cent.