Bonds maintain bearish trend

Government securities (G-sec) maintained a bearish trend on persistent selling pressure from banks and companies. The 7.16 per cent government security maturing in 2023 fell to Rs 91.22 from Rs 91.8375 on Tuesday, while its yield climbed to 8.50 per cent from 8.40 per cent.

The 8.33 per cent government security maturing in 2026 dipped to Rs 94.99 from Rs 95.30, while its yield advanced to 8.99 per cent from 8.95 per cent.

The 8.20 per cent government security maturing in 2025 declined to Rs 94.25 from Rs 94.40, while its yield moved up to 8.99 per cent from 8.96 per cent.

The 7.28 per cent government security maturing in 2019, the 8.15 per cent government security maturing in 2022 and the 8.07 per cent government security maturing in 2017 also quoted lower at Rs 92.23, Rs 94.75 and Rs 96.90, respectively.

Total volumes continue to remain thin at Rs 10,055 crore.

Call rates end higher
Call money rates ended higher at the overnight market here on Wednesday, due to good demand from borrowing banks.

The rates ended higher at 10.22 per cent from the 10.25 per cent on Tuesday. It moved in a range of 10.50 per cent and 10.10 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 38,836 crore in 65 bids at the two-day repo auction at a fixed rate of 7.25 per cent and sold securities worth Rs 100 crore in four bids at the two-day reverse repo auction at a fixed rate of 6.25 per cent.