Bonds remain low on selling pressure

Government securities continued to remain bearish on selling pressure from banks and companies. The 8.33 per cent government security maturing in 2026 fell to Rs 106.96 from Rs 107.25 previously, while its yield climbed to 7.49 per cent from 7.45 per cent.

The 8.15 per cent government security maturing in 2022 declined to Rs 104 from Rs 104.25, while its yield moved up to 7.53 per cent from 7.49 per cent. The 8.20 per cent government security maturing in 2025 dropped to Rs 105.70 from Rs 106, while its yield went up to 7.48 per cent from 7.44 per cent.

The 8.07 per cent government security maturing in 2017, the 7.16 per cent maturing in 2023 and the 8.12 per cent maturing in 2020 also moved down to Rs 102.15, Rs 99.00 and Rs 103.82, respectively.

Call rates end lower
The call rates ended lower at the overnight money market here on Tuesday due to lack of demand from borrowing banks.

The rate ended lower at 7.15 per cent from 7.25 per cent yesterday.

It moved in a range of 7.36 per cent and 7.15 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 77,545 crore in 30 bids at the one-day repo auction at a fixed rate of 7.25 per cent and sold securities worth Rs 460 crore in five-bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent.